< Study Room | 03.01.2018

What is ‘money laundering’?

What is ‘money laundering’?

A – The act of investing money in a manner to avoid taxation

B – The act of investing money overseas to avoid UK duty

C – The process by which criminals hide the true origin and ownership of money

D – The process by which money is transferred from one bank account or insurance policy to another


Answer:

C: The process by which criminals hide the true origin and ownership of money.

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