What are the three independent steps of money laundering? - ProProfs Discuss
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What are the three independent steps of money laundering?

What are the three independent steps of money laundering?

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Asked by Mscbest, Last updated: Nov 10, 2024

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mscbest

mscbest

mscbest
Mscbest

Answered Mar 20, 2018

Placement- Physically placing bulk cash proceeds
Layering- Separating the proceeds of the crimincal activity from their origins through layers of complex financial transactions.
Integration- Providing an apparently legitimate explanation for the illicit proceeds.
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