ACAMS
CAMS · Question #131
Why are Money Services Business (MSBs) frequently accused of being high risk for money laundering?
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Risks and Methods of Money Laundering and Terrorist Financing
Question
Why are Money Services Business (MSBs) frequently accused of being high risk for money laundering?
Options
- AA MSB should be used to hide money from a regulated entity
- BMSBs generally charge lower commission rates than banks charge making them attractive to
- CMSBs can route funds to more high risk countries than banks
- DMSBs are subject to regulatory scrutiny which varies greatly from country to country
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Topics
#money services businesses#regulatory risk#high-risk sectors#AML risk