Transcribed
What is Money Laundering? By Paul Renner C6 | KYCMap
A TYPICAL MONEY LAUNDERING SCHEME Collection of dirty Money 1. PLACEMENT 3. INTEGRATION BANK 2. LAYERING Dirty Money Integrates into the financial System Purchase of Luxury Assets Financial Investments BANK Commercial / Industrial Investments Wire Transfer BANK Transfer funds between various Offshore / Onshore Banks KYCMAP
What is Money Laundering? By Paul Renner C6 | KYCMap
shared by Paul-Renner-C6-... on Jan 09
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What is Money Laundering?
The Three Stages in Money Laundering...
Money Laundering is the process of taking ‘dirty’ funds and converting it into ‘clean’ funds.
‘Dirty funds’ are c...
riminally-derived proceeds which are then converted into other assets so that they can be reintroduced into legitimate commerce in order to conceal their true origin or ownership – ‘clean funds’
There are three stages in money laundering:
Placement
Layering
Integration
This infographic shows the 3 stages of Money Laundering.
Source
http://paulr...ering.htmlCategory
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