10
AssignmentMultiple Choice

Jurisdiction of Federal Law Enforcement Agencies

Question 10 • Introduction to Law, Public Safety, Corrections, and Security

Money laundering is

Answer
A
the process used by the United States Mint to clean money
B
a financial process used by banks to balance their books
C
a slang term for a selection of banking laws
D
the crime of concealing the illegal source of money

Explanation

Money laundering means disguising where money came from so that money earned through illegal activity appears legitimate. For example, someone might move illegal proceeds through businesses or bank transactions to hide their source. Therefore, the correct choice is “the crime of concealing the illegal source of money.”

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