According to the Second European Union Money Laundering Directive, what may knowledge of criminal conduct be inferred from?

The correct answer is B. Objective, factual circumstances. The following were the key features of the Second Directive: · It extended the scope of the First Directive beyond drug-related crimes. The definition of "criminal activity" was expanded to cover not just drug trafficking, but all serious crimes, including corruption and fraud…

Compliance Standards (International AML/CFT Standards and the role of FATF)

Question

Options

ASubjective, factual circumstances
BObjective, factual circumstances
CObjective, non-factual circumstances
DSubjective, non-factual circumstances

How the community answered

(30 responses)

A
17% (5)
B
70% (21)
C
3% (1)
D
10% (3)

Explanation

The following were the key features of the Second Directive: · It extended the scope of the First Directive beyond drug-related crimes. The definition of "criminal activity" was expanded to cover not just drug trafficking, but all serious crimes, including corruption and fraud against the financial interests of the European community. · It explicitly brought bureaux de change and money remittance offices under AML coverage. · It clarified that knowledge of criminal conduct can be inferred from objective factual

Topics

#Second EU Directive#knowledge standard#objective circumstances#criminal conduct

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