SIE (Securities Industry Essentials) Practice Exam

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An investigation is being run on a potential money laundering scheme. They notice a series of international wire transfers and some property transactions with an entity currently being looked into as a shell company. Which stage of money laundering do these findings reflect?

  1. Integration

  2. Placement

  3. Layering

  4. Initial

The correct answer is: Layering

These findings reflect the stage of layering in money laundering. Layering involves multiple transactions and transfers in an attempt to conceal the source and ownership of the illegally obtained funds. This contrasts with the other options as placement involves the initial introduction of illicit funds into the financial system, integration involves merging the illicit funds with legitimate assets, and initial refers to the first step of the money laundering process.

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