Fiona opens up a personal bank account at LongDream Bank Ltd in Perth, Australia. She deposits large sums of cash into the account, allegedly from gambling winnings. She gives instructions to LongDream Bank Ltd that all funds received into her bank account should be automatically and immediately transferred to offshore bank accounts in Hong Kong held in the names of shell corporations. What stage of the money laundering cycle does the above scenario illustrate, and what is the type of money laundering technique used?

I. Placement of funds through gambling

II$.$ Layering of funds through walking accounts

III. Integration of funds through shell companies

Group of answer choices

Answer II Only

Answers I and III Only

Answer I Only

Answer III Only