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Which of the following statements best defines money laundering? Money laundering is the criminal practice of...

Which of the following statements best defines money laundering?

Money laundering is the criminal practice of filtering ill gotten gains or "dirty" money through a series of transactions so that the funds are "cleaned to look like proceeds from legal activities."
Money laundering is the practice of sorting money into like sets of currency amounts.
Money laundering involves a two-step process designed to confuse Treasury Department agents.
Money Laundering is a term used solely by FinCEN to describe how money is brought into this country from abroad.
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Answer #1

Money laundering is the criminal practice of filtering ill gotten gains or "dirty" money through a series of transactions so that the funds are "cleaned to look like proceeds from legal activities."

the above will be answer..

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