Question

How do criminals typically launder money?

a.

By depositing it in offshore accounts

b.

By moving the funds to high-risk jurisdictions

c.

By disguising its sources, changing its form, or relocating it to less scrutinized locations

d.

By declaring it as legitimate income for tax purposes

Posted under IC 14 Regulations of Insurance Business

Answer: (c).By disguising its sources, changing its form, or relocating it to less scrutinized locations Explanation:Criminals typically launder money by disguising its sources, changing its form, or relocating it to less scrutinized locations. This process helps to conceal the true origin and ownership of the proceeds of criminal activities.

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Q. How do criminals typically launder money?
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