money laundering layering

What are the 4 elements of money laundering?

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Money laundering involves a series of complex activities aimed at disguising the origins of illegally obtained funds to make them appear legitimate. While there isn’t a fixed set of universally agreed-upon “elements” of money laundering, the process can generally be broken down into three main stages or components, often referred to as the “stages of … Read more

Does money laundering mean washing money?

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No, money laundering does not refer to “washing money” in the literal sense. Money laundering is a complex process involving illegal activities to make illegally obtained funds appear legitimate. The term “money laundering” is used metaphorically to describe the process of “cleaning” or “laundering” the origins of money that has been acquired through criminal means. … Read more