Money laundering is a process that typically follows three stages to finally release laundered funds into the legal financial system. Placement (i.e. moving the funds from direct association with the ...

These operations often involve international transactions as a means of "layering"—that is, of obscuring the source of the funds (Box 1). A recent case of money laundering was revealed ... at the ...

Laundering money typically involves three steps although some stages may be combined or repeated ... various online illicit activities. CVCs can layer transactions and cover up the origin of ...

Having done a number of layering transactions ... last one back into the economy by spending the now "clean" money. Since money laundering is connected with serious crime, the penalties are ...