1. Which of the following is the primary purpose of money laundering? To make criminally derived property or funds appear to be legitimate To transfer the proceeds from a bank account to a holding company To safely collect the proceeds of criminal activities To purchase criminal goods or services 2. Which of the following is an example of tax avoidance? Contributing to a retirement account with pre-tax salary Using illegal practices to avoid paying a tax liability Not declaring taxable income on your tax return Hiding taxable assets from the authorities 3. What type of risk occurs if an organization breaks laws when conducting business? Financial Legal Reputational Regulatory 4. What is the main difference between the Wolfsberg Group and the United Nations concerning enforcement powers? The Wolfsberg Group does not have any enforcement powers The United Nations issues guidelines while the Wolfsberg Group issues recommendations The United Nations does not have any enforcement powers There is not a main difference: both governing bodies operate in the same manner