ACAMS
CAMS · Question #402
Which two aspects of the security broker dealer industry increase its exposure to money laundering? Choose 2 answers
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Risks and Methods of Money Laundering and Terrorist Financing
Question
Which two aspects of the security broker dealer industry increase its exposure to money laundering? Choose 2 answers
Options
- AThe routine use of wire transfers from, to or through multiple jurisdictions
- BThey easy conversion of holdings to cash with significant loss of principal
- CDisposing of cash through securities purchases
- DFast paced transactions conducted electronically
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Topics
#broker-dealer#securities placement#electronic transactions#cash conversion