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Exam CKYCA Topic 1 Question 119 Discussion

Actual exam question for ACAMS's CKYCA exam
Question #: 119
Topic #: 1
An owner of several trading companies worldwide is advised to register a new company for the legitimate purpose of controlling foreign assets of their trading companies. This new company is commonly referred to as a:

Suggested Answer: A Vote an answer

A holding company is established to own and control shares or assets of other companies, often for organizational, tax, or asset protection purposes, without engaging directly in the day-to-day operations of those businesses.

by Dean at Oct 26, 2025, 01:27 AM

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