What is the process of making illegally-gained money appear legal called?

Money Laundering

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Business
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Professional Development
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Medium
Mustafa Buyukay
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12 questions
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1.
FLASHCARD QUESTION
Front
Back
Money laundering.
2.
FLASHCARD QUESTION
Front
Terrorist Financing
Back
Funding provided to terrorist organizations, often through illegal means.
3.
FLASHCARD QUESTION
Front
Transaction Monitoring
Back
The process of reviewing transactions to detect unusual or suspicious activity.
4.
FLASHCARD QUESTION
Front
Wire Transfer
Back
Electronic transfer of funds from one bank account to another.
5.
FLASHCARD QUESTION
Front
Layering;
Back
Layering is the second stage of the money laundering stages in which criminals engage in a series of transactions to create confusion and distance the funds from their criminal origin
6.
FLASHCARD QUESTION
Front
Audit Trail
Back
Record of transactions, often used to trace financial activity.
7.
FLASHCARD QUESTION
Front
Red Flags
Back
Warning signs of potential financial crime.
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