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Placement is often done by _____, or making multiple deposits of cash, or buying multiple bank drafts, which are checks issued by one bank against funds deposited in the bank that authorize a second bank to make payment to the entity named in the draft.

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alejogriggio

Answer:

Money laundering.

Explanation:

Money laundering involves three distinct steps: placement , layering and integration. The "placement" part is basically to put dirty or illegal money into into the financial system, making it legal. The exercise describes many ways to do it such as making multiple deposits of cash or buying multiple bank drafts (checks issued by one bank against funds deposited in the bank that authorize a second bank to make payment to the entity named in the draft).

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