Which of the following is CORRECT regarding Instrument-based Money laundering? (Select all, if any, that apply)Group of answer choicesIt is Illegal when legally-earned money is used for the purpose of layering.It is Illegal when legally-earned money is moved offshore with illegal purpose.It is Illegal when legally-earned money is part of an unknown Ponzi scheme.It is Illegal when legally-earned money is part of a structuring scheme.

One of the ways of money laundering is:-Select one:a. Investment of money in front/shell companiesb. Through proper bank accountsc. Through gold smugglingd. All of these are correct

Which of the classic three stages of the money laundering typologies presents the highest risk to criminals for being caught in the act of money laundering?Group of answer choicesLayeringAll available answersIntegrationPlacement

During the Terrorist Financing ‘funding stage’, which of the following source-of-funds are ILLEGAL? (Select all, if any, that apply)Group of answer choicesDrug traffickingKidnappingSelf-funding from businessesHuman traffickingNon-profit organisations (NPOs)CharitiesWealthy donorsFraud

Which of the following statement is FALSE?Terrorist financing uses funds for a criminal political purpose, with funds not necessarily sourced from illicit proceeds.Money laundering nearly always involves proceeds of illegal activity. Purpose is to enable use of funds legally.Terrorist financing and money laundering has similar methods with secrecy a common feature, but terrorist financing has greater use of ARS.Terrorist operations financed by small amounts of money, while money launderers attempt to ‘clean’ large value monies.Counter-terrorist financing (CTF) focus on destination of funds while anti-money laundering (AML) focus on source of funds.Group of answer choicesNone of the available answersAnswers I and III and IV onlyAll available answersAnswers III and V onlyAnswers II and IV and V only

Which of the following statement is FALSE?Terrorist financing uses funds for a criminal political purpose, with funds not necessarily sourced from illicit proceeds.Money laundering nearly always involves proceeds of illegal activity. Purpose is to enable use of funds legally.Terrorist financing and money laundering has similar methods with secrecy a common feature, but terrorist financing has greater use of ARS.Terrorist operations financed by small amounts of money, while money launderers attempt to ‘clean’ large value monies.Counter-terrorist financing (CTF) focus on destination of funds while anti-money laundering (AML) focus on source of funds.Group of answer choicesNone of the available answersAnswers II and IV and V onlyAll available answersAnswers I and III and IV onlyAnswers III and V only