From FINCEN's advisory on US Currency Restrictions in Mexico:
Funnel Account: An individual or business account in one geographic area that receives multiple cash
deposits, often in amounts below the cash reporting threshold, and from which the funds are withdrawn in a
different geographic area with little time elapsing between the deposits and withdrawals.
I found this reading FinCEN's typologies document for human trafficking.
Links:
Posted with BlogsyFiled under: Anti-Money Laundering, FinCEN Updates, Human Trafficking, Terminology
