Question
What type of money laundering takes place when a business' contracts, invoices, and other documents are falsified to hide the crime being committed?
1. Structuring.
2. Forfeiture.
3. Trade-based money laundering.
4. Smurfing.
1. Structuring.
2. Forfeiture.
3. Trade-based money laundering.
4. Smurfing.
Answers
GPT-4o mini
The type of money laundering that takes place when a business' contracts, invoices, and other documents are falsified to hide the crime being committed is **3. Trade-based money laundering**. This involves the use of trade transactions to disguise the proceeds of crime as legitimate business income, often by manipulating invoices and contracts.