Which of the following best describes one of the principal threats of proliferation financing?
A.
Adversary governments using sophisticated attacks to threaten critical infrastructure and sectors, including finance, health care and energy
B.
Networks of individuals and entities exploiting financial systems to move funds that will be used to acquire weapons of mass destruction or their components
C.
Transnational criminal organizations expanding their engagement into more varied types of illicit activities, including human trafficking and corruption
D.
Networks of individuals and entities raising funds to further proliferate their ideological goals wholly or in part through unlawful acts of force or violence
The Answer Is:
B
This question includes an explanation.
Explanation:
Proliferation financingrefers to the act of providing financial services or funds for thedevelopment, acquisition, or delivery of nuclear, chemical, or biological weapons. The core threat involvesnetworks of individuals and entities using the financial systemto obtain sensitive technologies, materials, or knowledge forweapons of mass destruction (WMDs).
TheFinancial Action Task Force (FATF)identifies this as a major international security threat and requires institutions to assess and mitigate such risks.
[Reference: ACAMS CAMS Study Guide – 6th Edition, Chapter:Sanctions and Proliferation Financing– Section:Understanding and Identifying Proliferation Risks, , , , , ]
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