ACAMS
CAMS · Question #962
According to the Financial Action Task Force's (FATF's) "Guidance for a Risk-Based Approach Life Insurance Sector," which of the following are money laundering red flags relating to the involvement of
Sign in or unlock CAMS to reveal the answer and full explanation for question #962. The question stem and answer options stay visible for context.
Risks and Methods of Money Laundering and Terrorist Financing
Question
According to the Financial Action Task Force's (FATF's) "Guidance for a Risk-Based Approach Life Insurance Sector," which of the following are money laundering red flags relating to the involvement of a third party in a life insurance product? (Select Two.)
Options
- AA customer engages an attorney to consult on the issuance of the policy.
- BA customer transfers the policy to another insurance company unaffiliated with the original policy
- CPayments are regularly received from third parties that have no apparent relationship with the
- DA customer names an apparently unrelated third party as a beneficiary.
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
#life insurance red flags#third-party payments#unrelated beneficiary#FATF guidance