The degree of attraction that a company holds to criminal organizations is influenced by the (Select Two.)

The correct answer is B. permissibility of bearer shares. C. rules governing the disclosure of beneficial ownership by the jurisdiction.. The susceptibility of a company or jurisdiction to ML/TF abuse is significantly increased by: Permissibility of bearer shares (B):"Bearer shares make it easy to hide ownership and control, presenting a major risk for misuse by criminals."(CAMS 6th Edition, Beneficial Ownership an

Risks and Methods of Money Laundering and Terrorist Financing

Question

Options

Aamount of annual fees associated with the jurisdiction.
Bpermissibility of bearer shares.
Crules governing the disclosure of beneficial ownership by the jurisdiction.
Dease of travel to the jurisdiction.

How the community answered

(40 responses)

A
8% (3)
B
78% (31)
D
15% (6)

Explanation

The susceptibility of a company or jurisdiction to ML/TF abuse is significantly increased by: Permissibility of bearer shares (B):"Bearer shares make it easy to hide ownership and control, presenting a major risk for misuse by criminals."(CAMS 6th Edition, Beneficial Ownership and Company Transparency) Rules governing the disclosure of beneficial ownership by the jurisdiction (C):"Weak requirements or loopholes in beneficial ownership disclosure are frequently exploited to conceal criminal involvement in corporate structures."(CAMS 6th Edition, Chapter: Legal Persons and

Topics

#bearer shares#beneficial ownership disclosure#corporate vulnerability#jurisdiction risk

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