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What is money laundering?

A. A term that refers to financial transactions in which criminals, including terrorist organizations, attempt to disguise the proceeds, sources, or nature of their illicit activities.

B. A combination of laws, regulations, and training programs intended to detect, report, and deter bringing illicit funds into a financial system.

C. Regularly depositing cash into a bank account.

D. Purchasing permanent insurance policies for cash.

Sagot :

GinnyAnsweridn

Final answer:

Money laundering involves disguising illegal funds as legitimate through complex financial transactions.


Explanation:

Money laundering is a term used to describe financial transactions where criminals try to conceal the origins, proceeds, or nature of their illegal activities. It often involves intricate schemes to disguise illicit funds as legitimate. For instance, using shell companies or fake investments. The goal is to make the money appear 'clean' or 'laundered'.


Learn more about Money laundering here:

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