Which constitute red flags in connection with a company involved in illegal logging? (Select Three.)

The correct answer is D. Expeditious shipment of wood to far away jurisdictions E. Use of heavy machinery in non-protected areas F. Executive's association with politically exposed persons. Red flags in connection with a company involved in illegal logging include: D. Expeditious shipment of wood to far away jurisdictions, E. Use of heavy machinery in non-protected areas, and F. Executive's association with politically exposed persons. These red flags could be…

Risks and Methods of Money Laundering and Terrorist Financing

Question

Options

ABusiness registry activities state promotion of environmental protection
BHigh number of transactions through company's connected bank accounts
CPaper packaging demand production
DExpeditious shipment of wood to far away jurisdictions
EUse of heavy machinery in non-protected areas
FExecutive's association with politically exposed persons

How the community answered

(46 responses)

A
7% (3)
B
11% (5)
C
4% (2)
D
78% (36)

Explanation

Red flags in connection with a company involved in illegal logging include: D. Expeditious shipment of wood to far away jurisdictions, E. Use of heavy machinery in non-protected areas, and F. Executive's association with politically exposed persons. These red flags could be indicative of attempts to conceal the origin of illegally harvested wood and to avoid detection by government authorities.

Topics

#environmental crime#illegal logging#trade-based money laundering#red flags

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