Câu 50: CAMS7: Certified Anti-Money Laundering Specialist (the 7th edition) Popular

Money services businesses (MSBs), payment service providers, and e-commerce platforms usually have a high volume of daily transactions. What are the risks associated with these types of businesses? (Choose two.)

1. A. These businesses are all cash intensive, increasing the risk of financial crime
2. B. KYC challenges arise because e-commerce platforms face global customers making customer due diligence complex and resource intensive — đáp án hiện tại
3. C. These businesses are highly regulated and therefore have no reason to be non-compliant as this would put them at risk of sanctions and fines
4. D. Criminals can make use of identify fraud to fulfill KYC processes for layering purposes — đáp án hiện tại
5. E. The settlement systems of these businesses are not sophisticated enough to cope with the high transaction volume