CAMS Question #754: Real Exam Question with Answer & Explanation

The correct answer is B. Frequent payments for online advertisements or non-local classified ads. C. Incoming fund transfers from third-party payment processors, with limited originator information.. Human trafficking and modern slavery involve illicit financial transactions, often conducted through banks, money service businesses (MSBs), or virtual assets. Option B (Correct): Frequent payments for online advertisements can indicate recruitment for illicit labor or traffickin

Question

According to FinCEN, which red flags within a bank account may, taken together, be indications of modern slavery, human trafficking, and exploitation? (Select Two.)

Options

ATransactional activity with a registered virtual currency exchange.
BFrequent payments for online advertisements or non-local classified ads.
CIncoming fund transfers from third-party payment processors, with limited originator information.
DLarge amounts of cash payments to migrant agricultural workers.

Explanation

Human trafficking and modern slavery involve illicit financial transactions, often conducted through banks, money service businesses (MSBs), or virtual assets. Option B (Correct): Frequent payments for online advertisements can indicate recruitment for illicit labor or trafficking operations. Option C (Correct): Incoming funds from third-party processors with unclear originators suggest concealed financial flows linked to illicit activities.

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