ACAMS
CAMS · Question #912
Which of the following entities could potentially pose a higher money laundering risk and require additional review prior to onboarding? (Select Two.)
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Risks and Methods of Money Laundering and Terrorist Financing
Question
Which of the following entities could potentially pose a higher money laundering risk and require additional review prior to onboarding? (Select Two.)
Options
- AA large multinational corporation with extensive, documented wire transfer activity
- BA local convenience store that replenishes the onsite automated teller machine (ATM) with cash
- CA local used car sale lot that allows individuals to pay their monthly bill in cash
- DA virtual asset service provider (VASP), facilitating peer-to-peer cryptocurrency transactions
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Topics
#customer risk assessment#VASP risk#cash-intensive businesses#higher-risk onboarding