Internal Security · Money Laundering
Money laundering is considered a serious threat to financial integrity and internal security because illegally earned funds can be disguised as legitimate assets to sustain underground networks. In this context, money laundering is best defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The process of converting proceeds of crime into apparently lawful money or assets so their illegal origin is concealed✓
- 2The legal transfer of profits by companies from one state to another for tax compliance purposes
- 3The routine circulation of old currency notes through banks and cooperative institutions
- 4The exchange of domestic currency into foreign currency for approved travel expenditure
Correct answer
The process of converting proceeds of crime into apparently lawful money or assets so their illegal origin is concealed
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