ExpertEasy1 markMultiple Choice
ACCA · Question 37 · Syllabus C: Business functions, regulation and technology
Section A
In the money laundering process, what is the term for the stage where illicit funds are moved around through a series of complex financial transactions to obscure their origin?
Section A
In the money laundering process, what is the term for the stage where illicit funds are moved around through a series of complex financial transactions to obscure their origin?
Answer options:
A.
Placement
B.
Layering
C.
Integration
How to approach this question
Recall the three stages: Placement (in), Layering (spin), Integration (out). Complex transactions to obscure origin = Layering.
Full Answer
B.Layering✓ Correct
Money laundering typically involves three stages: Placement (introducing cash into the financial system), Layering (carrying out complex financial transactions to camouflage the illegal source), and Integration (acquiring wealth generated from the transactions).
Common mistakes
Confusing Layering with Placement.
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