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Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?
A. Term life insurance
B. Health insurance
C. Whole life insurance
D. Annuities
E. Group life insurance

A. A, C and D
B. C and D
C. B, C and D
D. C, D and E
E. All of the above

Respuesta :

jepessoa

Answer:

B) C and D

  • C. Whole life insurance
  • D. Annuities

Explanation:

Anti-Money Laundering (AML) regulations identified the following insurance products as covered products:

  • Permanent life insurance policy, other than a group and term life insurance policy
  • An annuity contract, other than a group annuity contract
  • Any other insurance product with features of cash value or investment.

The AML's main goal is detect and stop terrorist financing.

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