ANTI-MONEY LAUNDERING PACAKGE DEAL

Money Laundering - ️️The process of making dirty money look clean. Criminals disguise the source of funds, changing the form or moving the money to a place where it is less likely to attract attention. The process of money laundering can be broken down into three stages: Placement, Layering and ...

In the first stage of money laundering what is the goal? a. distance yourself from the money b. get the money into the financial system c. make it appear that the money is legitimate d. purchase high-end goods - ️️b What is the process in the second stage of money laundering? a. sending ...

4 elements of fraud - ️️1. Incentive; want or need 2. Opportunity; system weakness 3. Rationalization; worth the risk 4. Capability ; cause legal injury 3 steps of money laundering - ️️1. Placement 2. Layering 3. Integration 2 financial statements - ️️1. income statements 2. ...

Money laundering - ️️The process of making dirty money appear legitimate Layering - ️️Using multiple and complex financial transactions to hide illicit funds and obscure the audit trail Intergration - ️️When the washed funds are put back into the legitimate economic and financial s...