16+ Anti Money Laundering Layering Definition Images. To ensure you understand the stages of money laundering, lets delve into the most frequently asked questions about what money laundering is, the three stages of money laundering and what to do if you have been accused of money laundering. Money laundering is an act of act of disguising the illegal source of income.
Money laundering is an act of act of disguising the illegal source of income.
It has been demonstrated in academic reports that financial institutions have made efforts to detect and prevent money laundering since last many years, but the main feature of money laundering are its processes in which it is carried out. The nature of money laundering and terrorist financing s.1, sch. 1, amlo 1.9 the term money laundering (ml) is defined in section 1 of part 1 of schedule 1 to the amlo and means an act intended to have the effect of making any property: Layering, the substantive stage of the process in which the property is washed and its ownership and source is disguised.