Which of the following is the best definition of money laundering?
A) legal transfer of funds through the usual international payments mechanisms
B) the transfer of cash into collectibles that are then transferred across borders
C) the cross-border purchase of assets that are then managed in a way that hide the movement of money and its ownership
D) false invoicing of international trade transactions

Question

Quizplus · Accepted Answer

Money laundering involves the cross-border purchase of assets that are then managed in a way that hides the movement of money and its ownership. This can include purchasing high-value items such as real estate, artwork, or luxury goods, and then taking steps to make it difficult to trace the funds used to make these purchases.

Which of the Following Is the Best Definition of Money