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  1. Money laundering normally involves
    1. placement of funds
    2. layering of funds
    3. integration of funds
    4. 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.



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