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ACCA Applied Skills · Corporate and Business Law (Global) · Fraudulent and criminal behaviour

Marta, a manager at Orion Co, is told by a colleague that a large payment into the company's account comes from drug trafficking. Marta moves the money through several other accounts so that its origin is hidden. What offence is Marta most likely committing?

Marta is most likely committing money laundering. She is knowingly moving the proceeds of crime through accounts to hide their source and make them appear legitimate. No inside information or bribe is involved, so the other offences do not fit.

  1. AInsider dealing
  2. BMoney launderingCorrect
  3. CMarket abuse by false statement
  4. DBribery of a foreign official

Explanation

Money laundering is concealing, disguising or converting the proceeds of crime so they appear legitimate. Moving funds through accounts to hide their criminal origin is classic layering. Insider dealing concerns trading on inside information, which is not described.

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