ACAMS
CAMS · Question #11
A bank has maintained an account for a European charity for several years. The charity provides clothing to persons in need in various countries with active terrorists' cells. Which action by the char
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Risks and Methods of Money Laundering and Terrorist Financing
Question
A bank has maintained an account for a European charity for several years. The charity provides clothing to persons in need in various countries with active terrorists' cells. Which action by the charity indicates possible terrorist financing?
Options
- AThe charity frequently withdraws cash from the bank
- BThe charity has branch locations located in various countries
- CThe charity receives cash donations primarily from European countries
- DThe charity maintains a bank account for non-business-related expenses
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Topics
#terrorist financing#charity accounts#cash withdrawal red flags#non-profit risk