Commercial Law, 2012 Bar — Question 88

MULTIPLE CHOICE

For purposes of determining violation of the provisions of Anti-Money Laundering Law, a transaction is considered as a “Suspicious Transaction" with “Covered Institutions” regardless of the amount involved, where which the following circumstances exists? A) the amount involved is not cormnensurate with the client’s business or financial capacity; B) there is no underlying legal or trade obligation, purpose or economic justification; C) client is not properly identified; D) All of the above.

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