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Brief History What
is Money Laundering? How
widespread is the Problem? The
Money Laundering Process Stages
of the Process Money
Laundering Methods How
Can We Prevent It? Affects
on Financial Institutions Business
Areas Prone To Money Laundering UK
Legislation Money
Laundering Offences International
Initiatives The
Future Conclusions Recommendations |
THE MONEY LAUNDERING PROCESSMoney laundering is not just a single act but it is in fact a process that is accomplished in three basic steps. These steps can be taken at the same time in the course of a single transaction, but they can also appear in very separable forms individually. The steps are:-
There are also common factors regarding the wide range of methods used by money launderers when they attempt to launder their criminal proceeds. Three common factors identified in many laundering operations are;
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