1.

What Is Money Laundering?

Answer»

Money Laundering is the process by which, criminals attempt to make the proceeds of CRIME appear legitimate with no obvious links to their criminal origins. This is achieved by three PROCESSES:

  1. Placement – Placing of the proceeds of crime
  2. LAYERING – HIDING of the proceeds from their criminal origin by ‘layers’ of TRANSACTIONS
  3. Integration – Creating a legitimate explanation for the proceeds

Money Laundering is the process by which, criminals attempt to make the proceeds of crime appear legitimate with no obvious links to their criminal origins. This is achieved by three processes:


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