Money __________ involves the knowing and willful participation in a financial transaction involving unlawful proceeds when the transaction is designed to conceal or disguise the source of the funds.
A) ironing
B) vacuuming
C) laundering
D) cooking

Question

Quizplus · Accepted Answer

Money laundering is a process of disguising the profits of illegal activity as legitimate funds. It often involves complex financial transactions designed to conceal the source of the illegal income. The term "laundering" is used because the money is "cleaned" through this process and appears to be legitimate funds.

Money __________ Involves the Knowing and Willful Participation in a Financial