Question: Why does money laundering often go undetected? 1 . Because there are no dedicated organizations to track it . 2 . Because banking and insurance

Why does money laundering often go undetected?
1. Because there are no dedicated organizations to track it.
2. Because banking and insurance transactions, which are often used in laundering schemes, often involve large sums of money for legitimate purposes.
3. Because it only occurs in underground venues like illegal gambling clubs.
4. Because money launderers exclusively operate from overseas.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!