Money Laundering

Money Laundering is defined as:

• The process of making large amounts of money generated by a criminal activity appear to have come from a legitimate source.

• The act of saving money in a bank account.

• The process of investing money in the stock market.

• The act of borrowing money from a financial institution.

The three stages of Money Laundering are:

• Placement, Layering, Integration

• Integration, Placement, Structuring

• Layering, Structuring, Integration

• Structuring, Placement, Layering

Which of the following are examples of Money Laundering activities?

• Tax evasion

• Structuring deposits

• Insider trading

• Ponzi schemes

Which of the following are Anti-Money Laundering legislations in the UK?

• Proceeds of Crime Act 2002

• Terrorism Act 2000

• Money Laundering Regulations 2017

• All of the above

The role of the National Crime Agency in combating Money Laundering is to:

• Investigate and prosecute money laundering cases

• Provide financial advice to businesses

• Regulate the banking sector

• Offer legal services to individuals

It is important to report suspected Money Laundering because:

• it helps in preventing financial crimes.

• it is a legal requirement.

• it supports the integrity of financial systems.

• all of the above.

What is Money Laundering?

• The process of legally acquiring cash.

• Moving illegally acquired cash through financial systems to make it appear legally acquired.

• A method of saving money in banks.

• A type of investment strategy.

What is the first stage of money laundering?

• Placement

• Layering

• Integration

• Smurfing

What is the second stage of money laundering?

• Layering

• Placement

• Integration

• Smurfing

What is the third stage of money laundering?

• Integration

• Placement

• Layering

• Smurfing