According to AUSTRAC, what is Alternative Remittance? Fill in the blanks (type correct answers into text boxes at each blank). “Alternative remittance’ refers to usually provided within ethnic community groups and known by particular to each culture. Generally, such services accept cash, cheques or monetary instruments in one location and pay an equivalent amount to a in another location.”

Alternative remittance’ refers to usually provided within ethnic community groups and known by particular to each culture. Generally, such services accept cash, cheques or monetary instruments in one location and pay an equivalent amount to a in another location.”

According to AUSTRAC, why is ARS or Alternative Remittance Systems significant? Fill in the blanks (type correct answers into text boxes at each blank). “(ARS) has become a significant vehicle to transfer money into and out of a . It plays an important role in the laundering of drug monies, the financing of terrorism, human trafficking, and the of foreign currency controls, taxes and customs duties. It also has played a legitimate role, for example, in facilitating by migrants.”

True or False? “ARS or Alternative Remittance Systems move value from one location to another by transferring funds through the regulated financial system.”

According to AUSTRAC, what is an ‘underground banking system’?Informal Value Transfer System (IVTS)Alternative Remittance System (ARS)Money Value Transfer System (MVTS)Group of answer choicesAnswers I and III OnlyAnswers I and II OnlyNone of the available answersAll of the available answersAnswers II and III Only

Alternative investment is defined as a _________ that does not fall into one of theconventional investment categories.a. mutual fundb. financial assetc. personal propertyd. financial planning