Question 1

MetaEstate is a virtual real estate platform where users buy digital land. Criminals have started using stolen credit cards to buy digital land, immediately selling it to legitimate users for cryptocurrency, and then transferring the crypto to offshore wallets. Which stage of the money laundering process does the 'selling of the digital land to legitimate users' represent?

Accepted Answer

Recall the three stages of money laundering: Placement, Layering, Integration. The middle step, designed to confuse the audit trail by moving assets around, is Layering.

Question 2

What mistakes do candidates make on this ACCA question?

Accepted Answer

Confusing Layering with Integration. Integration happens when the criminal finally uses the cleaned money in the real world without suspicion.

How to approach this question

Full Answer

Common mistakes

Practice the full ACCA BT — Business & Technology Practice Exam 6

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