Briefing ACAMS Knowledge

what is the most effective way to prevent money launder…

According to experts, what is the most effective way to prevent money laundering through financial institutions?

A.
Ensuring that transaction monitoring systems can identify terrorist financing

B.
Collecting information on beneficial owners and foreign customers

C.
Instituting a policy prohibiting the acceptance of funds intended for terrorist financing

D.
Implementing a sound customer due diligence program