Why is money laundering considered a criminal activity

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Reference no: EM13132819

For this activity, you must choose to answer TWO of the following four questions. 100 word minimum each question.

1. What is the difference between direct and indirect methods of income verification?

2. What are some of the lifestyle changes that may indicate fraud and unreported income?

3. Why is money laundering considered a serious criminal activity if it only involves the transfer of money from one location to another?

4. Are financial institutions the only organizations used to detect and combat money laundering activities? Name another organization that is used.

Reference no: EM13132819

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