IIBF AML KYC Practice Questions - IIBF Certificate Examination In AML And KYC (India) Exam

What is the primary objective of the 'Layering' stage in money laundering?

To physically move cash across international borders through couriers To separate illicit proceeds from their source by creating complex layers of financial transactions To return the laundered funds to the criminal with an apparent legal origin To convert bank deposits back into cash for immediate consumption

Correct Answer:

To separate illicit proceeds from their source by creating complex layers of financial transactions

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