Money laundering is the process of hiding the truth about the origins of money, typically money that has been acquired through illegal means such as drug trafficking or fraud. This is done by creating a complex web of financial transactions to make it difficult for law enforcement to trace the money back to its criminal origins.

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Money Laundering Is

Question 281

Multiple Choice

Money laundering is:

A) hiding the truth about the origins of money
B) embezzlement
C) hiding the truth about the amount of taxes paid
D) hiding money in offshore tax havens
E) none of the other choices are correct

Correct Answer: