Jack used cash from theft to gamble at a casino and received a cheque for his winnings. Then he banked the cheque as proceeds from gambling. Which of the following phases of money laundering is being undertaken by Jack? A: laundering B: placement C: integration D: layering

Which term means “the process of making illegally-gained proceeds appear legal”? A: price fixing B. C. D. B: money laundering C: tax fraud D: counterfeit