Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

What is money laundering?

A. A term that refers to financial transactions in which criminals, including terrorist organizations, attempt to disguise the proceeds, sources, or nature of their illicit activities.

B. A combination of laws, regulations, and training programs intended to detect, report, and deter bringing illicit funds into a financial system.

C. Regularly depositing cash into a bank account.

D. Purchasing permanent insurance policies for cash.

Sagot :

GinnyAnswer

Final answer:

Money laundering involves disguising illegal funds as legitimate through complex financial transactions.


Explanation:

Money laundering is a term used to describe financial transactions where criminals try to conceal the origins, proceeds, or nature of their illegal activities. It often involves intricate schemes to disguise illicit funds as legitimate. For instance, using shell companies or fake investments. The goal is to make the money appear 'clean' or 'laundered'.


Learn more about Money laundering here:

https://brainly.com/question/46706340


We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.