ExpertEasy1 markMultiple Choice
ACCA · Question 44 · Corporate fraudulent and criminal behaviour
Section A
What are the three recognized stages of money laundering?
Section A
What are the three recognized stages of money laundering?
Answer options:
A.
Acquisition, Concealment, Distribution
B.
Placement, Layering, Integration
C.
Theft, Transfer, Spending
D.
Smuggling, Banking, Investing
How to approach this question
Recall the standard model of the money laundering process.
Full Answer
B.Placement, Layering, Integration✓ Correct
The money laundering process is typically described in three stages: Placement (introducing dirty money into the financial system), Layering (moving it around to obscure the origin), and Integration (extracting it as seemingly legitimate funds).
Common mistakes
Using non-technical terms instead of the established legal/financial terminology.
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