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Exam Code: W2

Exam Name: Workplace Flexibility

Version: V15.35

Q & A: 208 Questions and Answers

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NEW QUESTION: 1
Which of the following is the financial stage of money laundering?
A. integration
B. off shoring
C. structuring
D. placement
Answer: A
Explanation:
Explanation
Explanation/Reference:
The Integration Stage
The final stage of the money laundering process is termed the integration stage. It is at the integration stage where the money is returned to the criminal from what seem to be legitimate sources. Having been placed initially as cash and layered through a number of financial transactions, the criminal proceeds are now fully integrated into the financial system and can be used for any purpose. There are many different ways in which the laundered money can be integrated back with the criminal; however, the major objective at this stage is to reunite the money with the criminal in a manner that does not draw attention and appears to result from a legitimate source. For example, the purchases of property, art work, jewellery, or high-end automobiles are common ways for the launderer to enjoy their illegal profits without necessarily drawing attention to themselves.

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