Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions. The overall scheme of this process returns the money to the launderer in an obscure and indirect way.
Money Laundering: A Three-Stage Process. The money laundering cycle can be broken down into three distinct stages; however, it is important to remember that money laundering is a single process.The stages of money laundering include the: Placement Stage.
Money Laundering meaning in law. Money laundering is a term used to describe a scheme in which criminals try to disguise the identity, original ownership, and destination of money that they have obtained through criminal conduct.
money laundering meaning: 1. the crime of moving money that has been obtained illegally through banks and other businesses to make it seem as if the money has been obtained legally 2. the action of moving money which has been earned illegally through banks and other business, to make it seem to have been. Learn more.
Methods and Stages of Money Laundering. There are three stages involved in money laundering; placement, layering and integration. Placement –This is the movement of cash from its source. On occasion the source can be easily disguised or misrepresented. This is followed by placing it into circulation through financial institutions, casinos.