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Money Laundering
Fichas del conjunto (9)
- 1What are the 3 stages of Money laundering?1) Placement
2) Layering
3) Integration - 2What is the definition of placement?Proceeds of any crime are placed into a bank or building society.
- 3What is the definition of layering?A cheque is drawn on the bank and used to buy different investments to cover the audit trail.
- 4What is the definition of integration?The money appears as a legitimate source of income.
- 5How long do money laundering records have to be kept?5 years
- 6What is the punishment for concealing, acquiring, possessing and assisting money laundering?14 years and/or unlimited fine.
- 7What is the punishment for failing to report money laundering?5 years and/or unlimited fine.
- 8What is the punishment for tipping off money laundering?2 years and/or unlimited fine.
- 9What is the punishment for failing to comply with money laundering regulations?2 years and/or unlimited fine
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- Fichas sobre Money Laundering, creado por Simon Thompson el 02/04/2019.
- Creado por
- Simon Thompson
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