ACAMS
CAMS · Question #320
What poses the greatest money laundering risk for a financial institution offering on-line services to customers?
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Risks and Methods of Money Laundering and Terrorist Financing
Question
What poses the greatest money laundering risk for a financial institution offering on-line services to customers?
Options
- AThere is a greater difficulty in matching the customer with the provided identification
- BThere is a lack of human review of the customer's transactions
- CInstitutions offering on-line services have no possibility to properly verify the identity of their
- DCustomers have direct access to their accounts without being detected
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Topics
#online banking#customer identification#identity verification#digital channel risk