A benefit of using bearer shares in corporate formations is that bearer shares are:
An individual opens an e-account in an off-shore gambling website using non-documentary verification and creates an e-wallet on a mobile device. In order to add funds to the account, the individual uses a credit card, wire transfers, cryptocurrency, and a money service business. Which source of money represents more risk of money laundering?
How should a financial institution deter money laundering through new accounts? Choose 3 answers
In its paper. Customer Due Diligence for Banks, the Basel Committee on Banking Supervision identified which risks on banking institutions as a result of an inadequate KYC program?
Which are the two most common controls a financial institution (FI) uses to identify suspicious money-laundering activity? (Choose two.)
