What Is the Practice of Disguising Illegally Gained Funds So

question 82

Multiple Choice

What is the practice of disguising illegally gained funds so that they seem legal?

• A)identity theft
• B)phishing
• C)spoofing
• D)money laundering

---

Definitions:

Breach

The violation or breaking of a law, duty, or agreement, which can give rise to legal action or consequences.

Client Confidentiality Rule

Legal and ethical obligation of professionals to keep information related to a client secret unless given permission to disclose.

Financial Condition

The status of an individual's or organization's financial health and stability, often assessed through analysis of assets, liabilities, income, and expenditures.

Conflict of Interest

A situation where an individual's or entity's personal interests could potentially interfere with their professional duties or responsibilities.