Question
What differentiates fraud from money laundering? Wat is the correct answer
Responses
fraud investigations are required by law
fraud investigations are required by law
money laundering includes embezzlement
money laundering includes embezzlement
fraud investigations are of national security concern
fraud investigations are of national security concern
money laundering and fraud are handled by different departments
Responses
fraud investigations are required by law
fraud investigations are required by law
money laundering includes embezzlement
money laundering includes embezzlement
fraud investigations are of national security concern
fraud investigations are of national security concern
money laundering and fraud are handled by different departments
Answers
GPT-4o mini
The correct answer that differentiates fraud from money laundering is:
**money laundering and fraud are handled by different departments.**
Fraud generally refers to a wrongful or criminal deception intended to result in financial or personal gain, while money laundering refers to the process of making illegally obtained money appear legitimate. They are distinct crimes that are typically investigated by different governmental agencies or departments.
**money laundering and fraud are handled by different departments.**
Fraud generally refers to a wrongful or criminal deception intended to result in financial or personal gain, while money laundering refers to the process of making illegally obtained money appear legitimate. They are distinct crimes that are typically investigated by different governmental agencies or departments.