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Acams CKYCA Exam - Topic 1 Question 11 Discussion
Actual exam question for
Acams's
CKYCA exam
Question #: 11
Topic #: 1
[All CKYCA Questions]
Topic #: 1
Which customer type represents the highest risk of money laundering to a financial institution?
Suggested Answer:
A
Payment service providers pose higher money laundering risk because they handle high volumes of transactions, often across multiple jurisdictions, and may process funds on behalf of third parties, increasing the potential for illicit activity.
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