Sunday, May 10, 2015

What is money laundering?

The official definition is Money laundering is the attempt to conceal the origin money by making it look legitimate or 'clean'.

They included three stages
1) Placement which mean introduce illegal money into financial system
2) layering which mean create many layer to make sure the original source of fund could not traceable.
3) Integration which mean integrated those illegal fund into legal fund. 

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