CAFCA Practice Questions - ACAMS Certified AML FinTech Compliance Associate Exam

Access More Questions

A payment processor (e.g., Stripe, Adyen, Square) acquires merchants and routes card transactions. Under FinCEN guidance, when does a payment processor itself become a Money Services Business (MSB)?

Whenever it accepts credit-card payments for merchants When it accepts and transmits funds for persons other than its bank-affiliated merchants outside narrow exemptions Only if it accepts cryptocurrency Only when it operates internationally

Correct Answer:

When it accepts and transmits funds for persons other than its bank-affiliated merchants outside narrow exemptions

Access more questions from this quiz

Continue to CAFCA Practice Questions - ACAMS Certified AML FinTech Compliance Associate Exam for more practice questions and the full quiz experience.

Access More Questions