General Knowledge · Economic Terms
Which of the following best defines the term 'money laundering'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Concealing the origins of illegally obtained money by passing it through legitimate financial channels✓
- 2Depositing white money in foreign banks to avoid domestic scrutiny
- 3Transferring legally acquired funds abroad for foreign investment
- 4Earning profits through legitimate business operations
Correct answer
Concealing the origins of illegally obtained money by passing it through legitimate financial channels
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