ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 87 Topic 9 Discussion

ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 87 Topic 9 Discussion

CAMS Exam Topic 9 Question 87 Discussion:
Question #: 87
Topic #: 9

According to the Financial Action Task Force (FATF) report on terrorism financing, charities and nonprofit organizations are often vulnerable to terrorist financing because they: (Select Two.)


A.

Collect donations from various sources, and their primary objective is philanthropy and social wellbeing


B.

Are usually legitimate establishments and will not use the funds collected through donation for the profit of individuals or entities


C.

Have a global presence that provides a framework for national and international operations and financial transactions that are often in or near areas most exposed to terrorist activity


D.

Enjoy the public trust and have access to considerable sources of funds, and their activities are often cash intensive


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