Answer: Option D
Answer: (d)
Money laundering occurs in three steps:
the first step involves introducing cash into the financial system by some means called placement;
the second involves carrying out complex financial transactions to camouflage the illegal source called layering, and
the final step entails acquiring wealth generated from the transactions of the illicit funds called integration.
Money Laundering - It is the process of transforming the profits of crime and corruption into ostensibly legitimate assets.