Question: 16. What is the basic objective of money laundering? a. to increase the value of illegal funds b. to convert foreign funds into U.S. dollars

16. What is the basic objective of money laundering?

  • a. to increase the value of illegal funds
  • b. to convert foreign funds into U.S. dollars
  • c. to cleanse bacteria and other pathogens from currency
  • d. to integrate illicit funds into the legal monetary system17. In what act were the basic principles of detecting and reporting suspicious activity first codified?
  • a. the Bank Secrecy Act of 1970
  • b. the Civil Rights Act of 1964
  • c. the American Jobs Creation Act of 2004
  • d. the Fair Credit Reporting Act of 1972

17. In what act were the basic principles of detecting and reporting suspicious activity first codified?

  • a. the Bank Secrecy Act of 1970
  • b. the Civil Rights Act of 1964
  • c. the American Jobs Creation Act of 2004
  • d. the Fair Credit Reporting Act of 1972

9. What is the USA PATRIOT Act based primarily on?

  • a. the Civil Rights Act of 1964
  • b. the Bank Secrecy Act of 1970
  • c. the Fair Credit Reporting Act of 1972
  • d. the American Jobs Creation Act of 2004

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