Test Your Knowledge on Money Laundering
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Questions and Answers

What is the purpose of the placement stage in the money laundering process?

  • To create complex layers of financial transactions
  • To introduce the illegitimate incomes into the economic system (correct)
  • To separate illicit proceeds from the original source
  • To increase the launderer's wealth with the returns earned from crime

    • What is an example of a transaction that can be involved in the layering stage of the money laundering process?

  • Converting deposited cash into monetary instruments (correct)
  • Breaking up enormous amounts of cash into smaller sums and depositing them directly into a bank account
  • Investing in real estate and legitimate businesses
  • Reselling high-value goods and prepaid access/stored value products

    • What makes the integration stage of the money laundering process difficult to uncover?

  • The separation of illicit proceeds from the original source
  • The investment in real estate and legitimate businesses
  • The creation of complex layers of financial transactions
  • The release of legitimized money back into the economy (correct)

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