ACAMS
CAMS · Question #488
A compliance officer is reviewing transactions related to a company suspected of being involved in wildlife trafficking. Which of activities below are common in wildlife trafficking schemes? (Select…
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Risks and Methods of Money Laundering and Terrorist Financing
Question
A compliance officer is reviewing transactions related to a company suspected of being involved in wildlife trafficking. Which of activities below are common in wildlife trafficking schemes? (Select Two.)
Options
- ALarge dollar wire transfers between wildlife farms and firms operating in inconsistent lines of
- BExchanging fiat currency to cryptocurrency to accomplish payment to the wildlife farm
- CActivity involving politically exposed persons with environmental, game, or forestry oversight
- DPayment of transportation charges using a fraudulent financial instrument
- ECustomer requests payment of proceeds to an unrelated third party
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Topics
#wildlife trafficking#cryptocurrency#predicate offenses#red flags