Hello.
I would be very much pleased if you help me to clear the following:
in Notice , p.143 (Test for Ch.17) Question about Money laundering, the phases are Repatriation and Integration. Is it right answer?
Thank you.
Ask the Tutor ACCA BT
GLO - Laundering
10y ago#1What is Notice, P143 (Test for Ch 17?)? To what does this refer?
The most usual steps in money laundering are: placement, layering and integration.
I'm not sure where you source is from. The steps are not written in stone and different authorities might label them differently, I suppose.
Sorry. It is from the ACCA F4 Notes (GLO). On page 143 there is a test for cahpter 17.
Question 4 says:
Money laundering involves a number of phases in the overall procedure. Which two of the following are
recognised as phases in the money laundering procedure?
1 repatriation
2 integration
3 Distribution
4 layering
10y ago#3Well two of those coincide with my suggestions don't they?
Yes, then Integration and Layering, and Repatriation is beside the point...
10y ago#5Yes, integration and layering. Repatriation and distribution beside the point.
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