In which type of banking transaction is price manipulation, as a form of money laundering, a common practice?
A. Redeeming an annuity
B. Sending a wire transfer
C. Issuing a letter of credit
D. Subscribing to a cash management account
Answer:C
In which type of banking transaction is price manipulation, as a form of money laundering, a common practice?
A. Redeeming an annuity B. Sending a wire transfer C. Issuing a letter of credit D. Subscribing to a cash management account