Question

chapter 17 you decide part i - choose your path: money and terrorism question 1 it is no secret that money is essential to the work of terrorists; without sufficient funds, few terrorist plots would ever come to fruition. the united states has an array of laws and regulations intended to stop the flow of money financing terrorist activities. but it can be challenging to apply them in practice. you are a fbi agent who tracks terrorist financing. your specialty is non - electronic transfers of funds. at the moment you are handling a case that began with the intercepting of three men at new yorks jfk airport. the men were seated in the same row and had identical flight plans from the united states to istanbul, turkey. each also carried $9,999 in cash on their person, just one dollar below the reporting limit for taking funds into or out of the united states. lets review a few concepts before you make a decision about this scene. is sending money by human courier an example of an informal value transfer system (ivts)? yes, because human couriers do not sign contracts about their work. no, because money is physically transferred. no, because devices like phones and e - mail are still used to confirm delivery. yes, because there need not be any paperwork involved.

Explanation:

Informal value - transfer systems (IVTS) are alternative means of transferring value that operate outside of the traditional banking and financial system. Sending money by human courier is an example of an IVTS because it often bypasses formal financial channels and there is typically no formal paperwork or regulatory oversight in the same way as traditional banking transactions. The lack of paperwork is a key characteristic that differentiates it from formal financial transfers.

Answer:

Yes, because there need not be any paperwork involved.