CCAS practice question 31 of 35

What is the intention of the Financial Action Task Force's (FATF's) Travel Rule?

Full set: 100 questions
Answer options
A: To enhance customer due diligence (CDD) procedures to ensure high quality data
B: To slow down cryptoasset transactions to allow law enforcement to intervene
C: To mitigate money laundering and terrorist financing (ML/TF) risk by increasing the ability to follow funds via different financial institutions
Correct Answer:
C
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