2. INTRODUCTION
• THE PROCESS OF CREATING THE APPEARANCE THAT LARGE AMOUNTS OF
MONEY OBTAINED FROM SERIOUS CRIMES, SUCH AS DRUG TRAFFICKING OR
TERRORIST ACTIVITY, ORIGINATED FROM A LEGITIMATE SOURCE.
3. BASICS
• THE MOST COMMON TYPES OF
CRIMINALS WHO NEED TO LAUNDER
MONEY ARE :
DRUG TRAFFICKERS,
EMBEZZLERS,
CORRUPT POLITICIANS AND PUBLIC OFFICIALS,
MOBSTERS,
TERRORISTS AND
CON ARTISTS.
4. METHODS AND STAGES OF MONEY
LAUNDERING
There are three stages involved in
money laundering:
1.
Placement
2. Layering
3.
Integration
