What are the three basic steps of money laundering?
A)placement, layering, and integration
B)placement, layering, and injection
C)creation, diffusion, and dispersion
D)integration, dispersion, and injection

Question

Quizplus · Accepted Answer

The three basic steps of money laundering are placement, layering, and integration. Placement involves introducing the illegal funds into the financial system, layering involves moving and disguising the funds to separate them from their illegal source, and integration involves reintroducing the laundered money into the economy as legitimate funds.

What Are the Three Basic Steps of Money Laundering