ACAMS
CAMS · Question #839
Financial crime risk related to the use of "hawalas" can stem from: (Choose two.)
Sign in or unlock CAMS to reveal the answer and full explanation for question #839. The question stem and answer options stay visible for context.
Risks and Methods of Money Laundering and Terrorist Financing
Question
Financial crime risk related to the use of "hawalas" can stem from: (Choose two.)
Options
- Aremote verification of identity by third-party program managers
- Bheavy usage by senior political figures.
- Cheightened risks of returned transactions.
- Dinformal networks used for cross-border transactions outside of the formal banking system
- Edifficulty in tracking the originator recipient, and source of transactions.
Unlock CAMS to see the answer
You've previewed enough free CAMS questions. Unlock CAMS for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.
Topics
#hawala#informal value transfer#cross-border transactions#transaction tracing