Exam (elaborations)
ACAMS CERTIFICATION EXAM QUESTIONS AND ANSWERS (2023) (VERIFIED ANSWERS BY EXPERT)
- Module
- Institution
Describe the three phases of money laundering. - Correct answer-• Placement is the physical disposal of cash or other assets derived from criminal activity. • Layering is the separation of illicit proceeds from their source by layers of financial transactions intended to conceal the origin ...
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