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2002 Act

This topic has 5 replies, 2 voices, and was last updated 1 year ago by Vijay.

Viewing 6 posts - 1 through 6 (of 6 total)

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March 26, 2021 at 11:06 am #615230
alawi sayed
Participant
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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
– Layering
The correct answer is Laundering according to OT,
Why is that?
Thanks
March 26, 2021 at 7:26 pm #615277
Vijay
Member
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- Replies: 258
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
March 27, 2021 at 7:04 am #615287
alawi sayed
Participant
- Topics: 154
- Replies: 168
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,
March 27, 2021 at 7:47 pm #615348
Vijay
Member
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- Replies: 258
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
March 28, 2021 at 11:32 am #615357
alawi sayed
Participant
- Topics: 154
- Replies: 168
Thanks,
April 1, 2021 at 5:01 pm #615691
Vijay
Member
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- Replies: 258
My pleasure 🙂
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