Acams stock flashcards Study guides, Class notes & Summaries

Three phases of ML Placement Layering Integration What is placement First ML phase The physical disposal of cash or other assets derived from criminal activity. 00:49 01:36 What is layering Second ML phase The separation of illicit proceeds from their source by layers of financial transactions intended to conceal the origin of the proceeds What is integration Third (final) ML phase Supplying apparent legitimacy to illicit wealth through re-entry of the funds int...

ACAMS Test ACAMS Stock Flashcards Three phases of ML ANSWER- Placement Layering Integration What is placement ANSWER- First ML phase The physical disposal of cash or other assets derived from criminal activity. What is layering ANSWER- Second ML phase The separation of illicit proceeds from their source by layers of financial transactions intended to conceal the origin of the proceeds What is integration ANSWER- Third (final) ML phase Supplying apparent legitimacy to illici...