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GLO – Laundering

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › GLO – Laundering

  • This topic has 5 replies, 2 voices, and was last updated 7 years ago by Ken Garrett.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • December 3, 2015 at 6:39 pm #287353
    mika84
    Member
    • Topics: 99
    • Replies: 149
    • ☆☆☆

    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.

    December 3, 2015 at 7:18 pm #287355
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10194
    • ☆☆☆☆☆

    What 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.

    December 5, 2015 at 10:46 am #287794
    mika84
    Member
    • Topics: 99
    • Replies: 149
    • ☆☆☆

    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

    December 5, 2015 at 11:41 am #287806
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10194
    • ☆☆☆☆☆

    Well two of those coincide with my suggestions don’t they?

    December 5, 2015 at 12:38 pm #287822
    mika84
    Member
    • Topics: 99
    • Replies: 149
    • ☆☆☆

    Yes, then Integration and Layering, and Repatriation is beside the point…

    December 5, 2015 at 1:12 pm #287832
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10194
    • ☆☆☆☆☆

    Yes, integration and layering. Repatriation and distribution beside the point.

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