Financial Action Task Force (FATF)

During a Hajj field operation, a service provider proposes collecting cash against handwritten receipts and entering individual amounts in t...

MCQ

MCQ Answer

A. Allow any convenient method if the money eventually reaches the account.
B. Permit cash collection whenever the pilgrims do not object.
C. Keep a parallel cash register for later reconciliation.
D. Require the prescribed banking mechanism, keeping every transaction traceable.E. Accept it, since handwritten receipts are sufficient evidence. Correct

Explanation

To prevent fraud, money laundering, and loss of funds, Hajj financial operations strictly forbid informal cash economies. All transactions must run through designated electronic/banking mechanisms to guarantee real-time transparency and traceability. Source Reference: "hujjaj prep" - Administrative and logistic arrangements

Correct Answer

Require the prescribed banking mechanism, keeping every transaction traceable.E. Accept it, since handwritten receipts are sufficient evidence.