Money laundering involves three distinct steps: layering,integration,and

Question

Quizplus · Accepted Answer

The three distinct steps of money laundering are layering (creating layers of transactions to obscure the origin of the funds), placement (physically placing the funds into a financial system), and integration (bringing the illicit funds back into the legitimate economy). The options A, C, and D are not accurate descriptions of the third step of money laundering.

Money Laundering Involves Three Distinct Steps: Layering,integration,and