Which method do terrorist financiers use to move funds without leaving an audit trail?

The correct answer is B. Cash couriers. Cash couriers are individuals who physically transport cash or other monetary instruments across borders or within a country, often to avoid detection by authorities or reporting obligations. Cash couriers are a common method used by terrorist financiers to move funds without…

Risks and Methods of Money Laundering and Terrorist Financing

Question

Options

AExtortion
BCash couriers
CCasa de cambio
DVirtual currency

How the community answered

(53 responses)

A
4% (2)
B
85% (45)
C
2% (1)
D
9% (5)

Explanation

Cash couriers are individuals who physically transport cash or other monetary instruments across borders or within a country, often to avoid detection by authorities or reporting obligations. Cash couriers are a common method used by terrorist financiers to move funds without leaving an audit trail, as cash is anonymous, portable, and widely accepted.

Topics

#terrorist financing#cash couriers#audit trail avoidance#fund movement methods

Community Discussion

No community discussion yet for this question.

Full CAMS Practice