Which stage of money laundering is Revolut most vulnerable to?Choisissez la meilleure optionintegrationPlacementLayeringObstruction
Question
Which stage of money laundering is Revolut most vulnerable to?
Choisissez la meilleure option
- integration
- Placement
- Layering
- Obstruction
Solution
Revolut, being a financial technology company that operates through digital platforms, is potentially most vulnerable to the layering stage of money laundering.
Explanation:
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Integration: This stage involves the introduction of illicit funds into the financial system. While any financial service could be vulnerable here, Revolut has employed various controls to comply with regulations.
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Placement: This is the initial phase where the illicit money is first introduced into the financial system. Similar to integration, Revolut has stringent onboarding processes to mitigate risks here.
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Layering: This stage involves complex transactions designed to disguise the origin of illicit funds. Digital platforms like Revolut may be particularly vulnerable due to the high volume of transactions and quick transfers across borders, making it hard to trace.
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Obstruction: This isn't a stage of money laundering but rather refers to actions taken to impede law enforcement.
Final Answer
Revolut is most vulnerable to the layering stage of money laundering.
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