ICA TBML Specialist Cert Practice Questions - ICA Specialist Certificate In Trade Based Money Laundering Exam

What primary risk indicator occurs when an invoice significantly overstates the true market value of exported goods?

Over-invoicing, allowing the exporter to transfer excess illicit funds out of the importing country to the exporter Under-invoicing, allowing the importer to transfer excess value overseas Phantom shipping, where no physical goods are loaded Multiple invoicing, where multiple payments are made on one shipment

Correct Answer:

Over-invoicing, allowing the exporter to transfer excess illicit funds out of the importing country to the exporter

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