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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 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 laun...

What are three indicators of money laundering associated with using electronic funds transfers? - ️️Funds transfers to or from financial secrecy haven without an apparent business reason. Funds transfers are received or sent from the same person to or from different accounts. Payments or r...

Criminal activities that lead to money laundering can include: - ️️Illegal Arm Sales Narcotics Trafficking Contraband smuggling and other activities related to organized crime Embezzelement Insider Trading Bribery Computer Fraud Schemes What are the Three Stages in the Money Laundering...

What is money laundering - ️️The taking of criminal proceeds and disguising their illegal source in order to use the funds for legal or illegal acts Give an example of the second stage in the money laundering cycle - ️️Electronically moving funds from one country to another; moving funds ...

Structuring - ️️Designing a transaction to evade triggering a reporting or record-keeping requirement. Smurfing - ️️Multiple individuals making multiple cash deposits and/or buying multiple monetary instruments or bank drafts in amounts under the reporting threshold in an attempt to evade...