32+ Money Laundering Process Steps PNG. Money laundering is not a single act but is in fact a process that is accomplished in three basic steps. Placement is the first step of money laundering which is the process of moving the money into the legitimate source via financial institutions, casinos, financial instruments etc.
PPT - Money Laundering PowerPoint Presentation - ID:122759 from image.slideserve.com The second step is layering. Traditionally it has been commonly accepted that. These steps can be taken at the same time in the course of a single transaction, but they can also appear in well separable forms one by one as well.
The process of taking criminal proceeds and disguising their illegal source in anticipation of ultimately using the criminal proceeds to perform legal and illegal activities.
Its very easy to define but involves multiple techniques. It is at this step that legislation has been developed to prevent launderers from depositing or converting large amounts of cash at financial. Ask yourself what your practice money laundering risk is? The money laundering process most commonly occurs in three key stages:
