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    Question

    In a _________________, an individual with a bank

    account is recruited to receive cheque deposits or wire transfers and then transfers these funds to accounts held on behalf of another person or to other individuals, minus a certain commission payment.
    A PoS Terminal transaction Correct Answer Incorrect Answer
    B Central KYC registry Correct Answer Incorrect Answer
    C Money mule transaction Correct Answer Incorrect Answer
    D Money laundering transaction Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    In a money mule transaction, an individual with a bank account is recruited to receive cheque deposits or wire transfers and then transfers these funds to accounts held on behalf of another person or to other individuals, minus a certain commission payment.

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