368 Practice question bank
Question 49
In the offence of money laundering, what is the name given to the initial disposal of the proceeds of
criminal activity?
A Placement
B Layering
C Integration (1 mark)Question 50
Which of the following is a defence to a charge of insider dealing?
A The individual had reasonable grounds to believe that the information was about to be published
B The individual had no expectation of profit
C The individual was not seeking to profit from the transaction personally
D The individual had reasonable grounds to believe their action was in the public interest (2 marks)Question 51
Vlad generates a substantial income from illegal tax evasion and sought advice from Gloria (his personal
accountant) on how to dispose of his illegal earnings. Gloria suggested that to disguise the source of the
funds, Vlad should purchase a chain of restaurants and pass his gains from the illegal operation through
the restaurants' accounts. Vlad agreed with Gloria’s proposal and appointed her as the restaurant chain’s
finance director and together they passed the illegal money through the operation.
Required
(a) State the offence of money laundering. (2 marks)
(b) State whether Gloria has any liability for money laundering. (2 marks)
(c) State whether Vlad has any liability for money laundering. (2 marks)(Total = 6 marks)