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:

Placement

Layering

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.

Question 36 All questions Question 38

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