ACAMS
CAMS · Question #497
Release of the EU's Fourth AML Directive resulted in what change to member state*s procedures? (Select Two.)
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
Release of the EU's Fourth AML Directive resulted in what change to member state*s procedures? (Select Two.)
Options
- AThe threshold for reporting suspicious transactions decreased from 15,000 EUR to 10,000 EUR.
- BAll financial institutions were required to identify and verify the beneficial owner of legal entities.
- CMoney laundering and terrorist financing were defined as separate crimes, expanding the
- DThe scope of obliged entities was enlarged from casinos to all providers of gambling services.
- EKnowledge of criminal conduct could be inferred from objective factual circumstances.
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Topics
#EU Fourth AML Directive#beneficial ownership#reporting thresholds#gambling services