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[Show more]C - - - The USA PATRIOT Act was passed in: 
A) 1970 
B) 1985 
C) 2001 
D) 2007 
D - - - The three stages of money laundering are: 
A) Layering, Placement, Refining 
B) Placement, Refining, Integration 
C) Refining. Integration, Layering 
D) Integration, Layering, Placement 
D - - - Which of the foll...
Preview 4 out of 77 pages
Add to cartC - - - The USA PATRIOT Act was passed in: 
A) 1970 
B) 1985 
C) 2001 
D) 2007 
D - - - The three stages of money laundering are: 
A) Layering, Placement, Refining 
B) Placement, Refining, Integration 
C) Refining. Integration, Layering 
D) Integration, Layering, Placement 
D - - - Which of the foll...
Describe the three phases of money laundering. - • 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 of the 
proceeds...
Preview 3 out of 30 pages
Add to cartDescribe the three phases of money laundering. - • 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 of the 
proceeds...
Which of the following is the most common method of laundering money through a legal 
money services business? - Purchasing structured money instruments 
In general, the 3 phases of money laundering are said to be: Placement; - Layering 
and integration 
Which statement is true? - Bust-out schemes a...
Preview 2 out of 13 pages
Add to cartWhich of the following is the most common method of laundering money through a legal 
money services business? - Purchasing structured money instruments 
In general, the 3 phases of money laundering are said to be: Placement; - Layering 
and integration 
Which statement is true? - Bust-out schemes a...
Which of the following statements is true? 
A Credit cards are not likely to be used in the layering phase of money laundering 
because of restrictions in cash payments 
B Credit cards are effective instruments for laundering money because the transactions 
do not create a paper trail 
C A launderer...
Preview 3 out of 18 pages
Add to cartWhich of the following statements is true? 
A Credit cards are not likely to be used in the layering phase of money laundering 
because of restrictions in cash payments 
B Credit cards are effective instruments for laundering money because the transactions 
do not create a paper trail 
C A launderer...
A bank account is established for a new business customer. The business was 
established five years ago with an address in another state. The business website 
contains few details other than stating it is a real estate business. One principal has an 
international telephone number and appears to be...
Preview 3 out of 17 pages
Add to cartA bank account is established for a new business customer. The business was 
established five years ago with an address in another state. The business website 
contains few details other than stating it is a real estate business. One principal has an 
international telephone number and appears to be...
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