ACAMS
CAMS · Question #813
Which of the services provided by Trust and Company Service Providers (TCSPs) present the greatest financial crime risks? (Choose three.)
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Risks and Methods of Money Laundering and Terrorist Financing
Question
Which of the services provided by Trust and Company Service Providers (TCSPs) present the greatest financial crime risks? (Choose three.)
Options
- AProviding clear procedures to ensure compliance with local tax regulations
- BUsing trusts to obscure the identity of beneficial owners
- CPromoting the use of complex corporate structures
- DMaintaining accurate and updated beneficial ownership details for all customers registered for
- EEstablishing shell companies for holding financial assets
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Topics
#TCSPs#shell companies#beneficial ownership#complex corporate structures