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The Money Laundering Control Act of 1986 (MLCA)was Enacted in Response

Question 5

Multiple Choice

The Money Laundering Control Act of 1986 (MLCA) was enacted in response to


A) widespread,but not thorough,compliance with the banking reporting statutes.
B) extortion that resulted from the booming cocaine trade of the 1980s.
C) money laundering as a result of the failures of banks to provide legitimate loans.
D) money laundering that resulted from the booming cocaine trade of the 1980s.

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