In the FATF 40 recommendations, the focus of AML efforts has been expanded beyond Financial Institutions. Which three businesses and/or professions are covered? Choose 3 answers

Question

Options

• Acasinos, when customers engage in financial transactions equal to or above a designated
• BReal estate agents when they are involved in transactions for clients concerning buying and
• CDealers in art, when they engage in any cash transaction with a customer at or above a
• DTrust and company service providers

• A
  72% (41)
• C
  28% (16)

Explanation

Expanded coverage of industries : * casinos when customers engage in financial transactions equal to or above a designated * real estate agents when they are involved in transactions for clients concerning buying and selling properties * dealers in precious metals and stones when they engage in any cash transaction with a customer at or above a designated threshold * lawyers, notaries and independent legal professionals and accountants when they prepare or carry out transactions for clients concerning buying and selling real estate; managing client money, securities or other assets; establishing or managing bank, savings or securities accounts; organizing contributions for the creation or management of companies; creating, operating or managing legal persons or arrangements and buying and selling businesses * trust and company service providers when they prepare or carry out transactions for a client concerning certain activities

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