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What is willful blindness defined as?

Failing to file a Suspicious Transaction Report for dealing with companies or financial institutions from offshore tax havens.Not following customer identification procedures as set out in the institutionâ€™s procedures.Deliberate avoidance of knowledge of the facts or ignoring obvious money laundering red flags.Deliberate avoidance of a customer based on the assumption that his or her behavior suggested a potential threat as money launderer and/or terrorist.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (C)

Deliberate avoidance of knowledge of the facts or ignoring obvious money laundering red flags.

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