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Money Laundering - Coggle Diagram
Money Laundering
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Definition
The disguising of the existence, nature, source, control, beneficial ownership, location, and disposition of property (typically) derived from criminal activity
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Stages
Layering
Launderer can move them around by using layers of financial transactions designed to confuse the audit trail
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Integration
Money is integrated back to into the economy in a way that makes it appear to be part of a legitimate business transaction.
Placement
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Legislation has been developed to prevent launderers from depositing or converting large amounts of cash at financial institutions or taking cash out of the country.
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