Forensic 24 - Question 1 4 out of 4 points What are the...

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Question 1 4 out of 4 points What are the three phases of money laundering? Answer Selected Answer: There is the placement phase which the money launderer introduces illegally obtained profits in the financial system. The main objective of this phase is to get the money into the financial system in a way that cannot be traced to its illegal source. Then the layering phase, the money launderer used complicated sets of transactions to move the money around the financial system and further distance it from its original illegal source. The main objective is to thoroughly destroy any audit trail that could trace the money back to its original placement in the financial system. Then the integration phase which is the launderer moves the money a final time into accounts under legal control to make it appear to come from a legitimate source. Correct Answer: Money laundering involves basic phases: placement, layering, and integration. obtained profits into the financial system. The main objective of this phase is to
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Forensic 24 - Question 1 4 out of 4 points What are the...

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