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Financial Action Task Force (FATF)

Which of the following is a fundamental step in the money laundering process, as defined by the FATF?

MCQ

MCQ Answer

A. Reporting
B. Integration (returning the laundered funds into the economy as legitimate). Correct

Explanation

The three stages are Placement (introducing illicit funds), Layering (concealing the source via complex transactions), and Integration (making the money appear legitimate).

C. Diversification.
D. Liquidation.

Correct Answer

Integration (returning the laundered funds into the economy as legitimate).

Practice More Financial Action Task Force (FATF) MCQs Discuss Report