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2 votes
Which of the following best describes "money laundering"?

Options
a. Washing dirty money in the laundry
b. Concealing the origin of the money
c. Making it look like money obtained illegally is from a legal source
d. Taking money from criminals and spending it legally

User Sadia
by
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1 Answer

5 votes

Answer:

c) Making it look like money obtained illegally is from a legal source

Step-by-step explanation:

Money laundering refers to the process of making illegally obtained money or "dirty money" appear as if it came from a legitimate source. It involves a series of complex transactions and activities that aim to disguise the true origin of the funds, making them appear clean or legitimate. Money laundering is typically done to evade detection by authorities, preserve the illegal proceeds, and integrate them into the legitimate economy without raising suspicion.

User Ron Cemer
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