Which of the Following Is True About Money Laundering

question 134

Multiple Choice

Which of the following is true about money laundering?

• A) The primary difficulty with money laundering activities is that money laundering is not itself illegal.
• B) Although illegal, the penalties for money laundering are too small to be an effective deterrent.
• C) Money laundering is a federal crime and can carry fines up to $500,000 or more, depending on the amount of money laundered.
• D) One difficulty with prosecuting for money laundering is that lenient laws in some states allow those states to function as money laundering havens.
• E) Money laundering is a crime primarily because it results in degradation of U.S. currency.

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