Stages in Money Laundering
Money laundering typically involves three stages:
1. Placement: Criminal cash comes to the money system. This might look like transferring money to banks, buying assets like real estate or automobiles, or investing in something namely businesses.
2. Layering: The funds are shuffled through many dealings that are made to conceal their trail. It could, therefore, entail funds moving from one bank account to another or changing it into different forms of currency and buying investment instruments in many cases.
3 .Integration: The end product of money laundering is the money returned into the economy in a disguised way to make it look and seem legitimate. This may mean making investments or repaying debts using the money or buying goods on credit.