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In: Finance

Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?...

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, C and D
C and D
B, C and D
C, D and E
All of the above
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Solutions

Expert Solution

C and D.

covered products are those which are perceived by the treasury department to have a risk of money laundering:

Out of the given,options, Whole life insurance and annuities only qualify to be covered products.

Term life insurance, whole life insurance, group life insurance will not qualify as covered products.

jeff jeffy answered 2 years ago
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