MCQ Answer
A. ML is always done in cash; TF is always digital.
B. Money Laundering deals with the source of funds (making 'dirty' money 'clean'); Terrorist Financing deals with the use of funds (legitimate or illegal sources used for terrorist acts).
Correct
Explanation
TF networks often use small, legal source funds, posing a different detection challenge than large ML flows.
C. ML is a domestic crime; TF is always international.
D. TF is regulated by the UN; ML is regulated by the WTO.
Correct Answer
Money Laundering deals with the source of funds (making 'dirty' money 'clean'); Terrorist Financing deals with the use of funds (legitimate or illegal sources used for terrorist acts).