The US Department of the Treasury notes that which of the following represent high money laundering risk when de-risked from traditional financial institutions (FIs)? (Choose two.)

The correct answer is A. Money services business (MSB) D. Non-profit organizations with international operations. The US Department of the Treasury identifies money services businesses (MSBs) and non-profit organizations with international operations as high money laundering risks when they lose access to traditional financial institutions, as this can push them toward less regulated…

Risks and Methods of Money Laundering and Terrorist Financing

Question

Options

AMoney services business (MSB)
BMultinational corporations
CIndividual foreign customers
DNon-profit organizations with international operations

How the community answered

(20 responses)

A
85% (17)
B
5% (1)
C
10% (2)

Explanation

The US Department of the Treasury identifies money services businesses (MSBs) and non-profit organizations with international operations as high money laundering risks when they lose access to traditional financial institutions, as this can push them toward less regulated channels that are more vulnerable to abuse.

Topics

#de-risking#money services businesses#non-profit organizations#high-risk sectors

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