Anti
Money Laundering
There are an almost infinite number of methods using a range of financial services and products. Even so, it is commonly accepted that the money laundering process comprises three main stages and you have probably heard these terms:
Placement
Where cash from criminal activity is placed into the financial system
Layering
Which usually involves a series of transactions designed to hide the source and ownership of the funds and confuse the authorities
Integration
Where laundered funds are reintroduced into the legitimate economy, appearing to have come from a legitimate source