Section A

What are the three recognized stages of money laundering?

Answer options:

Acquisition, Concealment, Distribution

Placement, Layering, Integration

Theft, Transfer, Spending

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.

Question 43 All questions Question 45

Practice the full ACCA LW — Corporate and Business Law Practice Exam 5

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