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1 Explanation on Money Laundering on Wed 10 Oct 2012 - 16:09

mayur.velankar@gmail.com

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Money laundering

Money laundering is the processing of criminal proceeds to disguise its illegal origin. Terrorism,
Illegal arms sales, financial crimes, smuggling, and the activities of organised crime, including drug
trafficking and prostitution rings, generate huge sums. Embezzlement, insider trading, bribery and
computer fraud also produce large profits and create an incentive to legitimise the ill‐gotten gains
through money laundering. When a criminal activity generates substantial profits, the individual or
group involved in such activities route the funds to safe heavens by disguising the sources, changing the
form, or moving the funds to a place where they are less likely to attract attention.
Most fundamentally, money laundering is inextricably linked to the underlying criminal activity that
generates it. In essence, the laundering enables criminal activity to continue.

How is Money Laundered?

The process of money laundering can be classified into three stages, namely, placement, layering
and integration.
In the initial or placement stage of money laundering, the launderer introduces his illegal profits into
the financial system, by breaking up large amounts of cash into less conspicuous smaller sums that are
then deposited directly into a bank account, or by purchasing a series of monetary instruments that are
later collected and deposited into accounts at another location.
After the funds are entered into the financial system, the layering takes place. In this stage, the
launderer engages in a series of conversions or movements of the funds to distance them from their
source. The funds might be channeled through the purchase and sale of investment instruments, or the
launderer might simply wire the funds through a series of accounts at various banks across the globe.
After successful processing of criminal profits through the first two phases of the money laundering
process, the launderer moves them to integration. In this stage the funds re‐enter the legitimate
economy. The launderer might choose to invest the funds into real estate, luxury assets, or business
ventures

2 Re: Explanation on Money Laundering on Wed 10 Oct 2012 - 17:27

Soundharya


CSoC Master
CSoC Master
Nice to see many people coming up with different topics Smile

https://sounds-takeonit.blogspot.com

3 Re: Explanation on Money Laundering on Wed 10 Oct 2012 - 17:27

Soundharya


CSoC Master
CSoC Master
Nice to see many people coming up with different topics Smile

https://sounds-takeonit.blogspot.com

4 Re: Explanation on Money Laundering on Wed 10 Oct 2012 - 18:21

rchgiri

avatar
CSoC King
CSoC King
Nice post.

5 Explanation on Money Laundering on Wed 10 Oct 2012 - 19:03

vipinbansal


CSoC Smart User
CSoC Smart User
nice post

6 Re: Explanation on Money Laundering on Fri 12 Oct 2012 - 19:04

rafiq


thanks for your guidence

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