[Section A] In the money laundering process, what is the term used for the initial introduction of illegal cash into the legitimate financial system?

Answer options:

Placement

Layering

Integration

How to approach this question

Identify the first of the three stages of money laundering.

Full Answer

A.Placement✓ Correct

Money laundering typically involves three stages: Placement (depositing dirty cash into banks), Layering (moving it around to create confusion), and Integration (bringing it back into the economy as clean money).

Common mistakes

Confusing placement with layering. Placement is the riskiest step as it involves physical cash.

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