ExpertEasy1 markMultiple Choice
ACCA · Question 33 · Syllabus C: Business functions, regulation and technology
[Section A] In the money laundering process, what is the term used for the initial introduction of illegal cash into the legitimate financial system?
[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:
A.
Placement
B.
Layering
C.
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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