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Flashcards in FIU Deck (2)
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1
Q

List the 3 stages of money laundering.

A
  • Placement
  • Layering
  • Integration
2
Q

List the elements of money laundering.

A

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