Stages of Money Laundering
The first stage of money laundering is placement whereby dirty money is placed into the legal and financial systems. While hiding its head. Fatf Report Professional Money Laundering And Related Threats Money Laundering Watch The first stage of money laundering is when the individual participating in criminal activity places cash proceeds into the financial system. . Drug trafficking human. The final stage is getting the money out so it can be used without attracting attention from law enforcement or the tax authorities. Placement stage of money laundering. And at the same time hiding its source. Placement layering and integration. Money laundering usually includes three stages. In the second stage the origin of such funds is concealed. Money laundering is a process that both white-collar and street-level criminals use to legitimize the illegal sources money. It can be unsafe for people to hold onto a large...