Global payment systems that place priority on speed of transaction rather than knowing whether the electronic money transfers are legal is an example of a practice that encourages_________________.
A) early withdrawal penalties
B) bribery
C) counterfeiting
D) money laundering

Question

Quizplus · Accepted Answer

Global payment systems that prioritize speed of transaction over legal compliance make it easier for individuals and organizations to engage in money laundering, which involves hiding the source of illegal funds by transferring them through a series of legitimate-looking transactions.

Global Payment Systems That Place Priority on Speed of Transaction