Question

Which of the following defines a series of financial transactions designed to separate cash proceeds from their criminal or terrorist origins?

A) Money laundering

B) Tax evasion

C) Hedge fund trading

D) Insider trading

Answer 1

Money laundering is a series of financial transactions designed to separate cash proceeds from their criminal or terrorist origins.

Step-by-step explanation:

The correct answer is A) Money laundering. Money laundering is a series of financial transactions designed to separate cash proceeds from their criminal or terrorist origins. It involves disguising the illegal origins of the money so that it appears legitimate. This is done by funneling the money through a complex network of transactions and accounts, making it difficult to trace back to its original source. Money laundering is a serious crime that is punishable by law and can have severe consequences.