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Hi Vijay,
In an opentuition practice question,
Which of the following is not an offence under the Proceeds of Crime act 2002 in the context of money laundering:
– Laundering
– Placement
– Integration
– LayeringThe correct answer is Laundering according to OT,
Why is that?
Thanks
Hi
So Laundering is an offence. But it is not a “Phase/stage” of money laundering. Can you check the wording of the question please? I suspect the question is asking which is not a “phase or stage” of money laundering.
Kind regards,
Vijay
Thanks Vijay,
I checked the question again,it is the same as I wrote.It is in practice questions , q 3 of illegalities ,
I think the question is not correct,
Thanks,
Yes, I think the wording is not right.
So just to clarify “Laundering” is an offence.
Placement, Layering and Integration are not offences.
Kind regards,
Vijay
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