Money laundering stages

Answer 1

Money laundering is the process of concealing the origins of illegally obtained money. It is a three-step process:

1: Placement: The first step is introducing illegal money into the financial system. This can be done by depositing it into bank accounts, buying assets, or investing it in businesses.

2: Layering: The second step is to mix illegal money with legitimate money. This can be done by making a series of complex financial transactions. The goal of layering is to make it difficult to trace the illegal money back to its source.

3: Integration: The third step is to integrate illegal money into the economy. This can be done by using it to buy goods and services, invest in businesses, or donate to charities.

Answer 2

Money laundering is usually divided into the following stages: placement, layering and integration.