Question
What are the three stages of the money laundering process? a. placement, layering, and integration b. acquisition, deposit, and disbursement c. earning, covering, and titlys d. placement, titling, and formalizing
Answer
4.2
(140 Votes)
Charlotte
Master · Tutor for 5 years
Answer
a
Explanation
The three stages of the money laundering process are:1. Placement: This is the initial stage where the 'dirty money' is first introduced into the financial system.2. Layering: At this stage, the money is moved around to create confusion, sometimes being withdrawn and deposited repeatedly.3. Integration: This is the final stage where the 'cleaned' money is integrated into the legitimate economy, making it difficult to differentiate between legal and illegal sources of wealth.