ACAMS
CAMS · Question #883
Which of the following risk factors are commonly associated with money laundering in insurance products? (Choose two.)
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Risks and Methods of Money Laundering and Terrorist Financing
Question
Which of the following risk factors are commonly associated with money laundering in insurance products? (Choose two.)
Options
- ASurrendering a policy early to liquidate funds
- BFocusing excessively on the investment performance of an insurance product
- CUsing a credit card to purchase an insurance policy
- DUsing cryptocurrencies or other non-fiat currencies to fund an insurance policy
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Topics
#insurance products#early policy surrender#money laundering red flags#cryptocurrency