ACAMS
CAMS · Question #52
CAMS Question #52: Real Exam Question with Answer & Explanation
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Question
What are two reasons physical certificates present a money laundering risk to broker-dealers? (Choose two.)
Options
- AThe trade information on a physical certificate can be easily altered
- BPhysical certificates do not expire and may be held by the owner for perpetuity
- CThere is little information readily available to the broker confirming the source of the funds
- DPhysical certificates may be provided to nominees for deposit or settled in off-market transactions
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