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CAMS · Question #990

CAMS Question #990: Real Exam Question with Answer & Explanation

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Question

Financial crime risk related to the use of "hawalas" can stem from: (Select Two.)

Options

  • Adifficulty in tracking the originator, recipient, and source of transactions.
  • Bremote verification of identity by third-party program managers.
  • Cheavy usage by senior political figures.
  • Dinformal networks used for cross-border transactions outside of the formal banking system.
  • Eheightened risks of returned transactions.

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