CAMS · Question #754
According to FinCEN, which red flags within a bank account may, taken together, be indications of modern slavery, human trafficking, and exploitation? (Select Two.)
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…
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.
How the community answered
(23 responses)- A13% (3)
- B83% (19)
- D4% (1)
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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