What are two reasons physical certificates present a money laundering risk to broker-dealers? (Choose two.)
Posted: Wed Mar 09, 2022 7:29 am
What are two reasons physical certificates present a money laundering risk to broker-dealers? (Choose two.)
A. The trade information on a physical certificate can be easily altered
B. Physical certificates do not expire and may be held by the owner for perpetuity
C. There is little information readily available to the broker confirming the source of the funds
D. Physical certificates may be provided to nominees for deposit or settled in off-market transactions
A. The trade information on a physical certificate can be easily altered
B. Physical certificates do not expire and may be held by the owner for perpetuity
C. There is little information readily available to the broker confirming the source of the funds
D. Physical certificates may be provided to nominees for deposit or settled in off-market transactions