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(Solved): Which of the following is an incorrect statement regarding money laundering? Select one: A. It wou ...



Which of the following is an incorrect statement regarding money laundering? Select one: A. It would be difficult to use legal entities, including corporations, limited liability companies and trusts, to be used for money laundering if they are established by reputable attorneys. B. Criminals who are able to hide, either control of a company or trust, can disguise their money laundering activity as commercial transactions. C. Minimal registration requirements and lax oversight can make it difficult to determine who owns and operates legal entities. D. While traditional insurance policies remain an important part of the life insurance business, agents and brokers now offer a range of investment services featuring financial products that can be purchased, and subsequently transferred, redeemed or sold, creating new opportunities for money laundering.



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