Which of the following is a broader risk specific to casinos and gambling?
A.
Low thresholds for transactions
B.
Frequent use of cash
C.
Cross-border transactions
D.
Weak KYC policies and procedures
The Answer Is:
D
This question includes an explanation.
Explanation:
Weak KYC policies and procedures represent a broader and more systemic risk specific to casinos and gambling. Without strong KYC, it becomes easier for individuals to engage in money laundering by exploiting anonymity and lack of oversight, regardless of transaction size or method.
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