View Money Laundering Layering Definition Background. The money is moved around to create confusion, sometimes by wiring or transferring through numerous accounts. Layering step of money laundering.
Why we have KYC as Anti Money Laundering strategy in place ... from miro.medium.com After placement comes the layering stage (sometimes referred to as structuring). Layering is the second stage of money laundering and comes after placement. The money laundering cycle can be broken down into three distinct stages;
Generally, credit cards are not used in the placement.
exchanging money or assets that were obtained the money laundering process most commonly occurs in three key stages: In the first stage, the placement stage that moves the battle that kyc/cdd teams fight to the second money laundering stage, layering. Dividing huge amounts of money, smuggling funds abroad, or other ones. Money laundering a process uses by offenders who attempt to conceal the true origin and ownership of the proceeds;