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Question 231

Which product is considered to be of highest money laundering risk?

  • A. Credit cards
  • B. Savings accounts
  • C. Time deposit accounts
  • D. International wire transfers
Answer:

B


Explanation:
You cannot make international money transfers unless the money is credited to the account. So first
priority saving account, subsequent risk international wire transfer

"A savings account, as well as a checking account, can be one of the riskiest financial instruments for
money laundering operations given the ease with which it can be opened and operated".

User Votes:
A
50%
B
50%
C 1 votes
50%
D 3 votes
50%
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trsmani
7 months, 3 weeks ago

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