What poses the greatest money laundering risk for a financial institution offering on-line services to customers?
A.
There is a greater difficulty in matching the customer with the provided identification documentation
Most Votes
B.
There is a lack of human review of the customer’s transactions
C.
Institutions offering on-line services have no possibility to properly verify the identity of their customers
D.
Customers have direct access to their accounts without being detected
Answer:
A
User Votes:
A 33 votes
50%
B 3 votes
50%
C 8 votes
50%
D 9 votes
50%
Discussions
0/ 1000
SemaArcag
1 year, 2 months ago
The greatest money laundering risk for a financial institution offering online services to customers is often associated with a lack of human review of the customer's transactions (Option B). Automated processes and online systems may process a large volume of transactions quickly, but they may not always detect subtle patterns or anomalies that a human reviewer could identify.
Human review adds a layer of scrutiny and expertise that can be crucial in identifying suspicious activities, patterns, or behaviors that automated systems might miss. The absence of effective human review in online services can pose a significant risk in terms of money laundering detection and prevention.
aseel
6 months ago
A. There is a greater difficulty in matching the customer with the provided identification documentation Most Votes
alban_999
5 days, 13 hours ago
Online services often rely on digital verification methods, which can be less reliable than face-to-face verification, making it easier for individuals to use false or stolen identities.
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The greatest money laundering risk for a financial institution offering online services to customers is often associated with a lack of human review of the customer's transactions (Option B). Automated processes and online systems may process a large volume of transactions quickly, but they may not always detect subtle patterns or anomalies that a human reviewer could identify.
Human review adds a layer of scrutiny and expertise that can be crucial in identifying suspicious activities, patterns, or behaviors that automated systems might miss. The absence of effective human review in online services can pose a significant risk in terms of money laundering detection and prevention.
A. There is a greater difficulty in matching the customer with the provided identification documentation Most Votes
Online services often rely on digital verification methods, which can be less reliable than face-to-face verification, making it easier for individuals to use false or stolen identities.