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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 60 Topic 7 Discussion

ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 60 Topic 7 Discussion

CAMS Exam Topic 7 Question 60 Discussion:
Question #: 60
Topic #: 7

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


A.

remote verification of identity by third-party program managers


B.

heavy usage by senior political figures.


C.

heightened risks of returned transactions.


D.

informal networks used for cross-border transactions outside of the formal banking system


E.

difficulty in tracking the originator recipient, and source of transactions.


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