ACAMS
CAMS · Question #560
Which of the following poses the greatest money laundering risk for a financial institution offering on-line services to customers?
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Risks and Methods of Money Laundering and Terrorist Financing
Question
Which of the following poses the greatest money laundering risk for a financial institution offering on-line services to customers?
Options
- AThere is greater difficulty in matching the customer with the provided identification doc-
- BThere is no human scrutinizing the customer's transactions, thus increasing the potential for large
- CInstitutions offering on-line services have no possibility to properly verify the identity of their
- DCustomers can directly access their accounts without being detected.
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Topics
#online banking#customer identification#digital channel risk#non-face-to-face