Which of the following is a common method used for money laundering?

Creating complex corporate structures is a common method used for money laundering because it provides a means to obscure the origins of illicit funds. By establishing multiple layers of businesses, often in different jurisdictions, individuals can mask the true ownership of assets and the source of the funds being funneled through these entities. This complexity makes it challenging for authorities to trace the transactions back to their criminal origins, allowing launderers to integrate illicit money seamlessly into the legitimate economy.

Utilizing such complicated structures can involve offshore companies, shell corporations, and intricate ownership arrangements, all of which serve to create a veneer of legitimacy. This method effectively distorts financial records and hides transactions, making detection by financial institutions and regulators much more difficult.

Investing in high-risk stocks might seem risky, but it's not the primary method for laundering money. Simplified accounting practices do not inherently serve to hide funds; rather, they could lead to greater scrutiny. Engaging in community service projects is unrelated to money laundering activities and does not provide any means to conceal illicit financial dealings.