What Are the Three Basic Steps of Money Laundering

question 18

Multiple Choice

What are the three basic steps of money laundering?

• A)placement, layering, and integration
• B)placement, layering, and injection
• C)creation, diffusion, and dispersion
• D)integration, dispersion, and injection

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Definitions:

Liabilities

Financial obligations or debts owed by a business to external parties or individuals, which must be settled over time through the transfer of economic benefits.

Equity

The ownership interest in a company of its shareholders; it represents the amount of assets that would be returned to shareholders if all the company's debts were paid off.

Debt Ratio

A financial ratio that compares the amount of a company’s total debt to its total assets, indicating the leverage level.

Assets

Resources owned by a company or individual considered valuable and can be used to produce positive economic value.