Stage 5 Testing 2:True-False Statements
In this part of the test,you will read ten statements about the information presented in the lecture.First read the statement carefully.Then check your notes to decide whether the statement is true or false.If it is true,write a T in the blank space before the statement; if it is false,write an F in the blank.
1._______Ferdinand Marcos’ wife was not aware of her husband’s embezzling public funds until he was kicked out of office.
2._______All money launderers are connected to one sort of crime or another.
3._______Local governments are also found to have engaged in money laundering activities.
4._______At the placement stage,money launderers will be safe as soon as they deposit the cash in large sums into a checking account with a bank.
5._______Money launderers can get away from regulatory scrutiny and law reinforcement by sending money orders at the post office instead of from a bank.
6._______To launder the dirty money,criminals have to transfer the money from one bank account to another in offshore banks before they invest it in a legitimate business.
7._______Law enforcement agencies usually find it more difficult to catch money launderers at the integration stage than at the layering stage.
8._______Once they receive orders from Papa Smurf,smurfs begin to transfer funds from one bank to another or from one country to another without delay.
9._______The money launderer in the chop system obtains the money from an offshore bank as long as he is able to present the torn half playing card that matches the other half held by the bank.
10._______In spite of anti-money laundering laws implemented by countries all over the world,money laundering activities will continue for a long time to come.