17+ What Is The Sequence Of Money Laundering

17+ What Is The Sequence Of Money Laundering. Placement, as you might guess, is the 'placement' or introduction of the dirty money into the financial system through some legitimate avenue. Money laundering is the process of making illegally gained income(black money) appear legal (white money).mostly it is used to avoid taxation, avoid questions on the source of the income.

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However, it is important to remember that money laundering is a single process. 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. Money laundering refers to converting illegal earned money into legitimate money.

The government does not get any tax on the moneybecause there is no accounting.

Layering is the process of making the source of illegal money as difficult to detect as possible by progressively adding legitimacy to it. Money laundering regards the financial transactions in which individuals participating in criminal activity try to disguise the proceeds or sources from these transactions. In simple words,money laundering is something some people do to the money they make from crime or. Following criminal cash from the streets of london to the gold markets of dubai, bbc panorama and the french media company premieres lignes reveal how an.


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