The term money laundering was first used at the beginning of the 20th Century to label the operations that in some way intended to legalize the income derived from illicit activity, thus facilitating their entry into the monetary flow of the economy. Required a) Discuss the term money laundering, illustrate your explanation with examples of money laundering offenses, included those committed by accountants. (4 marks) b) Outline in details the stages of money laundering. (8 marks)