ACAMS
CAMS · Question #316
CAMS Question #316: Real Exam Question with Answer & Explanation
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Question
According to experts, what is the most effective way to prevent money laundering through financial institutions?
Options
- AEnsuring that transaction monitoring systems can identify terrorist financing
- BCollecting information on beneficial owners and foreign customers
- CInstituting a policy prohibiting the acceptance of funds intended for terrorist financing
- DImplementing a sound customer due diligence program
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