Get Money Laundering Layering Process Pictures. Like placement, layering further distances criminal proceeds from their source, but it primarily serves to reinforce the appearance of legitimacy by passing money through layers of transactions or financial instruments. Typically, it involves three steps:
Money Laundering Its All About Money Laundering from 1.bp.blogspot.com Typically, it involves three steps: Placing illicit proceeds into the financial system; Once the funds have been placed into the financial system, the criminals make it difficult for authorities to detect laundering activity.
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Like placement, layering further distances criminal proceeds from their source, but it primarily serves to reinforce the appearance of legitimacy by passing money through layers of transactions or financial instruments. First, the illegitimate funds are furtively introduced into the legitimate financial system. The figure below shows the three steps in money laundering and some of the controls that are used to prevent it. Placement placement refers to the physical disposal ofbulk cash proceeds derived from illegal activity.
