FIU

Question 1

List the 3 stages of money laundering.

Answer 1

• Placement
• Layering
• Integration

Question 2

List the elements of money laundering.

Answer 2

s243(2), CA 1961

• engages in money laundering transaction
• with property that is the proceeds of a serious offence
• knowing or believing that all or part of the property is the proceeds of a serious offence, or
• being reckless as to whether or not the property is the proceeds of a serious offence