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An individual opens an e-account in an off-shore gambling website using non-documentary verification and creates an e-wallet on a mobile device. In order to add funds to the account, the individual uses a credit card, wire transfers, cryptocurrency, and a money service business. Which source of money represents more risk of money laundering?
Suggested Answer: B
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12 comments · newest first
BA
Barney
12 months ago
Really? I thought credit cards were safer than that!
CL
Clorinda
1 year ago
Money service businesses have a lot of red flags too.
FL
Florinda
1 year ago
Wait, isn't wire transfer also pretty risky?
TR
Truman
1 year ago
Totally agree, crypto is hard to trace!
PE
Pearline
1 year ago
I'd say cryptocurrency is the riskiest for money laundering.
TI
Tien
1 year ago
I feel like credit cards are usually safer, but I could be wrong. They seem more straightforward compared to the others.
TH
Thora
1 year ago
I practiced a question similar to this, and I think money service businesses often have less regulation, which could make them riskier.
DO
Dorsey
1 year ago
I’m not entirely sure, but I think wire transfers are also a big concern because they can be done anonymously.
JO
Jonelle
1 year ago
I remember discussing how cryptocurrency can be harder to trace, so it might be the riskiest option for money laundering.
ET
Ettie
1 year ago
I'm a bit confused by the different options here. I'm not sure if 100,000 AMUs would actually be considered low memory usage or not.
MY
Myrtie
1 year ago
This seems straightforward to me. The MAC address learned via SDP will age out first, since that's the less secure/reliable method. I'll go with B.
LE
Leeann
1 year ago
Hmm, I'm a little unsure about this one. The wording seems a bit technical, and I want to make sure I fully understand the implications before answering. I'll need to read through it a couple of times.