___________ refers to the cross-border purchase of assets that are then managed in a way that hides the movement of money and its ownership.
A)False invoicing
B)Libel
C)Fraud
D)Extortion
E)Money laundering

Question

Quizplus · Accepted Answer

The definition given in the question is a clear description of money laundering. Money laundering involves the use of various methods to hide the illicit origins of money, including cross-border purchase of assets that are then managed in a way that makes it difficult to trace the movement of money and ownership. False invoicing and fraud can be methods used in money laundering, but they do not fully capture the essence of the activity. Libel and extortion are unrelated concepts.

___________ Refers to the Cross-Border Purchase of Assets That Are