CAMS Exam Dumps | Private investment companies are potentially vulnerable to money laundering because:

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Question 80/263

Private investment companies are potentially vulnerable to money laundering because:

A. It can be difficult to identify the people who are the ultimate beneficial owners.

B. they transact shares that are not traded on a stock exchange.

C. they exist in offshore jurisdictions with tight secrecy laws to protect the privacy of their owner(s).

D. they are shell companies formed to maintain a client's confidentiality.

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Question 80/263

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