________ is defined as the introduction of illegally obtained funds into the legitimate financial marketplace.
A) Extortion
B) Currency counterfeiting
C) Fencing
D) Money laundering

Question

Quizplus · Accepted Answer

Money laundering is the process of disguising the proceeds of illegal activity as legitimate funds in order to make them usable in the legal financial system without attracting attention from law enforcement agencies. This often involves a series of transactions designed to obscure the origin and ownership of the funds. Common methods of money laundering include placing the funds in offshore accounts, investing them in legitimate businesses, or using them to purchase high-value assets such as real estate or luxury goods.

________ Is Defined as the Introduction of Illegally Obtained Funds