14+ Describe The Three Stages Of The Money Laundering Process

14+ Describe The Three Stages Of The Money Laundering Process. The three stages of money laundering are as follows: At this stage, the 'dirty money' that has come from illegal activities is entered into a legitimate financial system.

The Incestuous Relationship Between Corruption And Money Laundering Cairn Info
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The three basic stages may occur as separate and distinct phases or may occur simultaneously or, more commonly, they may overlap. Some common methods of laundering are: Although the specific techniques used to clean dirty money vary, financial experts cite three stages of money laundering in the process:

This stage is termed as placement.

Which option describes the placement stage? Placement can take place via cash deposit, wire transfer, check, money order, or other methods. This stage is termed as placement. At this stage, the 'dirty money' that has come from illegal activities is entered into a legitimate financial system.


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