Dirty Money
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Questions and Answers

Which of the following best defines the term 'dirty money'?

  • Money contaminated with harmful bacteria
  • Money belonging to a rap artist
  • Money obtained through a legitimate business
  • Money earned from illegal activities (correct)

    • What is the definition of money laundering according to FATF?

  • The process of transferring money from one bank account to another
  • The process of making illegal money appear legitimate (correct)
  • The process of converting legal money into assets that cannot be traced back to their legal source
  • The process of obtaining money through criminal or corrupt sources

    • What is the consequence of engaging in money laundering according to the Proceeds of Criminal Conduct Act?

  • A warning
  • Imprisonment (correct)
  • A fine
  • Community service

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