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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 32 Topic 4 Discussion

ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 32 Topic 4 Discussion

CAMS Exam Topic 4 Question 32 Discussion:
Question #: 32
Topic #: 4

Business entities established in offshore financial centers (OFCs) pose unique risks for money laundering because they often:


A.

have informal business arrangements between persons or entities.


B.

are located in geographies that are not accountable to US laws.


C.

include trusts, investment funds, and insurance companies.


D.

have limited organizational disclosure and recordkeeping requirements for establishing these business entities.


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