CAMS Exam Dumps | What is the term for trading through multiple accounts, where an individual generates offsetting profits

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Certified Anti-Money Laundering Specialists (the 6th edition)
ACAMS.CAMS.v2022-03-07.q120
Question 49

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Question 49/120

What is the term for trading through multiple accounts, where an individual generates offsetting profits and losses and transfers of positions through accounts that do not appear to be commonly controlled?

A. Ponzi scheme

B. Market Manipulation

C. Net Trading

D. Wash Trading

Correct Answer: D

Explanation
"'Wash trading' through multiple accounts generates offsetting profits and losses and transfers of positions between accounts that do not appear to be commonly controlled"

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