QUESTION: 45

What are the three successive stages of money laundering?

Integration, layering, placement
Integration, placement, layering
Placement, layering, integration
Layering, integration, placement

Answer(s): B

You spot a rate discrepancy between you and your counterparty on a AUD/USD deal. The deal was traded direct. You refer the discrepancy to the dealer and he tells you to change the rate. What should you do?

Amend the rate yourself
Ask the settlements clerk to amend the rate for you
Ask the dealer to manually amend the rate on the ticket and then pass it to the settlements clerk to amend
Make no amendment

Answer(s): C

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