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