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Module 2 (March 18, 2020)
Module 2 (March 18, 2020)
MODULE 2: LESSON 2
For March 18, 2020
For BSA 2 and BSMA 2
Concept:
Money laundering is essential for criminal organizations that wish to use illegally obtained
money effectively. Dealing in large amounts of illegal cash is inefficient and dangerous.
Criminals need a way to deposit the money in legitimate financial institutions, yet they can only
do so if it appears to come from legitimate sources.
Questions:
Answer the following, in a yellow sheet of paper. It must be handwritten. Further, do not
write anything at the back of the sheet.
3. What is jurisdiction?