41+ Money Laundering Layering Refers To The Act Of

41+ Money Laundering Layering Refers To The Act Of. What does layering mean in banking? For example, if the organizati.

Aml Dissuade Money Laundering Hexanika
Aml Dissuade Money Laundering Hexanika from hexanika.com
Criminals need a way to deposit the money in legitimate financial institutions, yet they can only do so if it appears to come from legitimate sources. See full list on investopedia.com The primary purpose of this stage is to separate the illicit money from its source.

Money laundering is the process of changing large amounts of money obtained from crimes, such as drug trafficking, into origination from a legitimate source.

In this stage, the criminal relieves himself of holding and guarding large amounts of bulky cash, and the money is placed into the legitimate. Layering conceals the source of the money through a series of transactions and bookkeeping tricks. The money from the criminal activity is considered dirty, and the process launders it to make it look clean. Money laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.


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