You are the compliance/risk officer at ABC Bank. Senior management recently released plans to issue the bank's first prepaid cards in the coming year. You are aware that drug trafficking cartels are active in regions in which your institution operates, and recent law enforcement cases have indicated that cartels may be using prepaid cards to move value across borders between your country and a neighboring country. As you evaluate the product team's proposed card features, which control may best mitigate the risk inherent in prepaid cards?
1) Limit cash withdrawals to certain merchant category codes (MCCs).
2) Impose low dollar limits on cash loads and withdrawals.
3) Limit the number of loads within a specific time frame.
4) Control the number of accounts allowed per person.