Insurance broker Amy sold a single premium life insurance policy to a customer who paid the initial $5000 premium with money orders and travelers checks. Seven days later, within the free look., The customer canceled the policy. If this transaction is part of a money laundering scheme, this action represents which stage in the process?

6b7ptq4PcajzpX3opops JV3OJKJZYsqJsucHmNKcL7Y 4. Insurance broker Amy sold a single premium life insurance policy to a customer who paid the initial $5,000 premium with money orders and traveler's checks. Seven days later, within the free-look period, the customer canceled the policy. If this transaction is part of a money laundering scheme, this action represents which stage in the process? (Search Chapter 1). the acquisition stage ob. the placement stage . c. the layering stage d. the integration stage 5. Beverly has over $40,000 in profits from an illegal enterprise. To avoid deposits of cash to her bank account becoming part of an audit trail, Beverly will make sure that each of her cash deposits does not exceed what amount? (Search Chapter 1). a. $5,000 b. $7,500 . C. $10,000 d. $50,000 6. A customer has surrendered, in whole or in part, nearly a dozen life insurance and