46+ Money Laundering Hiding (Or Placement) Stage

46+ Money Laundering Hiding (Or Placement) Stage. Integration stage is the final stage of money laundering, in which the money is now returned to the criminals legitimately after it has been placed in the financial system, often breaking it into different. So basically, people want to hide where the money is coming from, because the government puts barriers n place.

Group 3 Phase 2 Countermeasures Against Money Laundering
Group 3 Phase 2 Countermeasures Against Money Laundering from img.yumpu.com
Placement is the first stage in money laundering where the cash proceeds of criminal activity enter into the financial system. For example, if you want to hide funds from your spouse pending a divorce, hide money from judgment or bankruptcy creditors. Integration we're going to cover real world examples of money laundering so you can take the theory and put it in practice.

Money laundering can be understood as an act of concealing the identity or source of money obtained illegally, to make them appear to have obtained out of legal sources.

Placement or removal for example, a government official may take a bribe in the form of cash and place it in a safe deposit box or bank account opened under the name of another individual to hide its existence or conceal the ownership. The placement stage the placement stage represents the initial entry of the dirty cash or proceeds of crime into the financial system. The objective is to place the cash into foreign or domestic bank accounts without raising red flags. A simple explanation of the process involved in washing funds.


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