ACAMS
CAMS · Question #226
A bank provides trade financing for a company whose primary export is steel. Which action by the company indicates possible money laundering?
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Risks and Methods of Money Laundering and Terrorist Financing
Question
A bank provides trade financing for a company whose primary export is steel. Which action by the company indicates possible money laundering?
Options
- AThe company often deals with foreign currency exchanges.
- BThe company regularly understates the value of goods exported.
- CThe company frequently sells above or below its competitors' price.
- DThe company frequently transfers funds to other bank accounts located in other jurisdictions.
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Topics
#trade-based money laundering#invoice manipulation#export financing#red flags