What are the three main stages of money laundering? A. Placement, Accumulation, Distribution
B. Placement, Verification, Integration
C. Entry, Processing, Exit
D. Placement, Layering, Integration
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What are the three main stages of money laundering? A. Placement, Accumulation, Distribution
B. Placement, Verification, Integration
C. Entry, Processing, Exit
D. Placement, Layering, Integration
The correct answer is D. Placement, Layering, Integration.
Explanation:
1. Placement: This is the initial stage where illicit funds are introduced into the financial system. It often involves breaking down large amounts of cash into smaller sums to avoid detection.
2. Layering: In this stage, the goal is to obscure the origins of the money. This is done through complex layers of financial transactions, such as transferring money between different accounts or countries to make tracking more difficult.
3. Integration: This final stage involves reintroducing the laundered money into the legitimate economy, allowing the launderer to use it without raising suspicion.
Understanding these stages can help in recognizing and combating money laundering activities. If you need more detailed information, feel free to check the extended services page!