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Money laundering normally involves
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- placement of funds
- layering of funds
- integration of funds
- all the above
Correct Option: D
Money laundering occurs in three steps: the first step involves introducing cash into the financial system by some means called as placement; the second involves carrying out complex financial transactions to camouflage the illegal source called layering; and the final step entails acquiring wealth generated from the transactions of the illicit funds called as integration.