A country that does not have strong predicate offenses and is lax in prosecuting AML cases could suffer which social/economic consequence?

The correct answer is B. Increased organized crime and corruption. A country that does not have strong predicate offenses and is lax in prosecuting AML cases could suffer increased organized crime and corruption as a social/economic consequence. "Weaknesses in the AML/CFT regime can lead to a range of economic and social consequences…

Risks and Methods of Money Laundering and Terrorist Financing

Question

Options

AUS sanctions
BIncreased organized crime and corruption
CReputation risk for the port
DLoss of tax revenue

How the community answered

(33 responses)

A
15% (5)
B
76% (25)
C
6% (2)
D
3% (1)

Explanation

A country that does not have strong predicate offenses and is lax in prosecuting AML cases could suffer increased organized crime and corruption as a social/economic consequence. "Weaknesses in the AML/CFT regime can lead to a range of economic and social consequences, including...increased crime and corruption."

Topics

#predicate offenses#AML enforcement gaps#organized crime#socioeconomic consequences

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