Why does Staples participate in Anti-Money Laundering Compliance?

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Question:

Why does Staples participate in Anti-Money Laundering Compliance?

To improve business performanceTo prevent illegal activity and terrorismTo prevent fraud

Answer:

The main reason why Staples participates in Anti-Money Laundering Compliance is to prevent illegal activity and terrorism

Based on the given question, we can see that money laundering is a federal offense which is punishable by law and is aimed at preventing money fraud whereby large sums of (illegal) money are moved from one place to another, usually to finance other illegal activities.

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With this in mind, Staples which is a US Online Store which sells business essentials such as computers, printing services, etc engage in the Anti-Money Laundering Compliance so as to prevent illegal activity and terrorism

Therefore, the correct answer is option B

Read more about money laundering here:

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