The Different Ways Money Laundering Works

The Different Ways Money Laundering Works

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video tutorial explains money laundering, a process to make illegal funds appear legitimate. It outlines the three main steps: placement, layering, and integration. Various methods are discussed, including forming shell companies, using tax havens, engaging in stock market techniques like mirror trading, and utilizing cash businesses such as casinos. The video also covers smurfing, where small deposits are made to avoid detection. Despite these methods, there is no guarantee of evading law enforcement.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the three steps involved in a money laundering scheme?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How can forming a shell company help in laundering money?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the technique of mirror trading and its purpose.

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some common methods used by launderers in casinos?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is smurfing in the context of money laundering?

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