A company has purchased a luxury yacht in Monte Carlo from sale of property worth Rs. 100 crores. The sale was executed in cash and money was taken out of India through dubious means. This transaction is a money laundering act by the company. Purchase of luxury yacht is best classified as ________.
A. Application
B. Placement
C. Integration
D. Layering
Answer:C
A company has purchased a luxury yacht in Monte Carlo from sale of property worth Rs. 100 crores. The sale was executed in cash and money was taken out of India through dubious means. This transaction is a money laundering act by the company. Purchase of luxury yacht is best classified as ________.
A. Application B. Placement C. Integration D. Layering