Cafp 1 - Study guides, Class notes & Summaries

What option describes what makes pouch activity MOST vulnerable to money laundering? - correct answer They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? - correct answer They make it easy for the money launderer to conceal the source of funds once the illicit funds are no longer in cash form. How do bulk cash shipments occur? - correct answer Between two banks even when the recei...

CAFP 1 Actual Questions and Answers 2023 with complete solution

CAFP 1 Exam Questions With Complete Solutions.

CAFP 1 UPDATED Actual Exam Questions and CORRECT Answers What option describes what makes pouch activity MOST vulnerable to money laundering? - CORRECT ANSWER- They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? - CORRECT ANSWER- They make it easy for the money launderer to conceal the source of funds once the illicit funds are no longer in cash form

CAFP 1 Questions and answers latest update

What option describes what makes pouch activity MOST vulnerable to money laundering? - Answer- They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? - Answer- They make it easy for the money launderer to conceal the source of funds once the illicit funds are no longer in cash form. How do bulk cash shipments occur? - Answer- Between two banks even when the receiving bank does not take phy...

What option describes what makes pouch activity MOST vulnerable to money laundering? correct answers They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? correct answers They make it easy for the money launderer to conceal the source of funds once the illicit funds are no longer in cash form. How do bulk cash shipments occur? correct answers Between two banks even when the receiving bank...

CAFP 1 Latest Exam Questions With Answers...

Altered Card - CORRECT ANSCriminals changed embossing then recycled card but didn't wipe magnetic strip. Detected by receipt printing different number than embossed on the card. CVV or CVC - CORRECT ANSCard verification value or code - track data located in magnetic strip but not printed on the card, could still be circumvented. CPP - CORRECT ANSCommon Point of Purchase - identified CPP so card issuers could take steps to proactively issuing new cards. PCI - CORRECT ANSFive major card ne...

What option describes what makes pouch activity MOST vulnerable to money laundering? - correct answer They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? - correct answer They make it easy for the money launderer to conceal the source of funds once the illicit funds are no longer in cash form. How do bulk cash shipments occur? - correct answer Between two banks even when the receiving b...