Which of the following example(s) is a layering technique?Group of answer choicesBusiness Recycling: mixing of illegal money with cash flow from a legal cash-intensive business e.g. restaurant with high cash turnoverCredit & Debit cards: local purchases are financed through credit cards which operate on a bank account in an offshore jurisdictionNone of the available answersConsultants: funds transferred to offshore-based consultant (e.g. a lawyer’s trust account) to pay fictitious or inflated consultancy fee; consultant makes payments on behalf of ‘criminal client’

Which of the following example(s) is a layering technique?Group of answer choicesBusiness Recycling: mixing of illegal money with cash flow from a legal cash-intensive business e.g. restaurant with high cash turnoverCredit & Debit cards: local purchases are financed through credit cards which operate on a bank account in an offshore jurisdictionNone of the available answersConsultants: funds transferred to offshore-based consultant (e.g. a lawyer’s trust account) to pay fictitious or inflated consultancy fee; consultant makes payments on behalf of ‘criminal client’

Which of the following example is an integration technique?Group of answer choicesBulk Movement: physical transportation and smuggling of cash across national borders e.g. export drug cash from USA to MexicoInsurance Purchase: criminal cash is used to buy insurance policy which is cashed at a later dateShell Company: registered company which conducts no business, no employees, engages in fictitious transactions & disguises actual beneficial owner of assetsImport & Export transactions: over-invoicing or under-invoicing

Which of the following example is a placement technique? Structuring (or smurfing): multiple cash deposits made by runners/smurfs into multiple bank accounts in amounts less than threshold reporting level ($A10,000).Asset Conversion: conversion of criminal cash into high value assets [e.g. diamonds, gold, jewellery, art works] which can be sold.Gambling: deposit criminal cash into gaming machines and claim “winnings” are derived from a legal source.Group of answer choicesAnswer III OnlyAnswer I OnlyAnswer II OnlyAll of the available anwers

Which of the following example is a placement technique? Structuring (or smurfing): multiple cash deposits made by runners/smurfs into multiple bank accounts in amounts less than threshold reporting level ($A10,000).Asset Conversion: conversion of criminal cash into high value assets [e.g. diamonds, gold, jewellery, art works] which can be sold.Gambling: deposit criminal cash into gaming machines and claim “winnings” are derived from a legal source.

There are 2 methods of preparing a Statement of cashflows, the direct and indirect methods. These 2 methods differ for which section/s (select all that apply):Group of answer choicesNone of the activity sections differOperating activities sectionInvesting activities sectionFinancing activities sectionSignificant non-cash activities section