OK - so here is a review of the three stages of money laundering:
1. Placement - the illegal funds need to be placed into the banking system. It is necessary not only because of the physical impossibility of hauling around large amounts of cash, but also because it is expedient to get the funds into a place where they can be later utilized without fear that the funds can be stolen.
2. Layering. Just putting the money into the banking system is not enough. The money cannot be just sitting in one "block" that stands out. It is too easy to trace such transactions and the large sum will likely draw suspicion sooner or later. The money has to have several "layers" so that the funds can be dispersed throughout several accounts or types of financial institutions or products.
3. Integration. At this stage, the monies have been filtered through the financial system and now can be taken out at will by the launderer.
Once these steps have been enacted, the money has been fully laundered and is now available.
As always, have a great and fraud-free day.
http://www.tauskvega.com
---------------------->>>>>>>>>>>>>>gene
1. Placement - the illegal funds need to be placed into the banking system. It is necessary not only because of the physical impossibility of hauling around large amounts of cash, but also because it is expedient to get the funds into a place where they can be later utilized without fear that the funds can be stolen.
2. Layering. Just putting the money into the banking system is not enough. The money cannot be just sitting in one "block" that stands out. It is too easy to trace such transactions and the large sum will likely draw suspicion sooner or later. The money has to have several "layers" so that the funds can be dispersed throughout several accounts or types of financial institutions or products.
3. Integration. At this stage, the monies have been filtered through the financial system and now can be taken out at will by the launderer.
Once these steps have been enacted, the money has been fully laundered and is now available.
As always, have a great and fraud-free day.
http://www.tauskvega.com
---------------------->>>>>>>>>>>>>>gene
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