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    Money Laundering Process

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    padmini
    This document provides an overview of money laundering including: defining money laundering as hiding the origin and ownership of illegally obtained money; the origin of the term in the 1970s; and describing the three stages of money laundering as placement, layering, and integration. Placement involves initially concealing money, layering separates it from its source through complex transactions, and integration makes the money appear legitimate. Various techniques are also outlined for each stage such as smurfing, offshore banking, shell companies, and real estate transactions.

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    Money Laundering Process

    Uploaded by

    padmini
    186 views15 pages
    This document provides an overview of money laundering including: defining money laundering as hiding the origin and ownership of illegally obtained money; the origin of the term in the 1970s; and describing the three stages of money laundering as placement, layering, and integration. Placement involves initially concealing money, layering separates it from its source through complex transactions, and integration makes the money appear legitimate. Various techniques are also outlined for each stage such as smurfing, offshore banking, shell companies, and real estate transactions.

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    This document provides an overview of money laundering including: defining money laundering as hiding the origin and ownership of illegally obtained money; the origin of the term in the 1970s; and describing the three stages of money laundering as placement, layering, and integration. Placement involves initially concealing money, layering separates it from its source through complex transactions, and integration makes the money appear legitimate. Various techniques are also outlined for each stage such as smurfing, offshore banking, shell companies, and real estate transactions.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    186 views15 pages

    Money Laundering Process

    Uploaded by

    padmini
    This document provides an overview of money laundering including: defining money laundering as hiding the origin and ownership of illegally obtained money; the origin of the term in the 1970s; and describing the three stages of money laundering as placement, layering, and integration. Placement involves initially concealing money, layering separates it from its source through complex transactions, and integration makes the money appear legitimate. Various techniques are also outlined for each stage such as smurfing, offshore banking, shell companies, and real estate transactions.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 15

    MONEY LAUNDERING

    PROCESS
    Name
    Roll No
    Subject
    Date

    :- Padmini R. Jadeja
    :- 27
    :- Legal Regulation of
    economic practices
    :- 13 October 2016

    Introduction to Money
    Laundering
    What is Money Laundering???
    Money laundering is the process by which
    criminals attempt to hide and disguise the
    true origin and ownership of the proceeds of
    their criminal activities. The term Money
    Laundering is also used in relation to the
    financing of terrorist activity (where the
    funds may, or may not, originate from crime).

    Origin of The Money Laundering


    Expression
    Money laundering as an expression is one of
    fairly recent origin.
    The original sighting was in newspapers
    reporting the Watergate scandal in the United
    States in 1973.
    The expression first appeared in a judicial or
    legal context in 1982 in America in the case
    US v $4,255,625.39

    The Money Laundering


    Process
    There are three stages involved in money
    laundering;
    A.
    B.
    C.

    Placement
    Layering
    Integration

    A. Placement
    The initial movement of
    criminally derived currency or
    other proceeds of crime, to
    initially change its form or
    location to places beyond the
    reach of law enforcement.

    Forms of Placement
    Depositing into
    accounts via tellers,
    ATMs, or night
    deposits

    Exchanging small bills


    for large bills

    Changing currency to
    cashiers checks or
    other negotiable
    instruments

    smuggling or shipping
    out side the county

    B. Layering
    The process of separating the
    proceeds of criminal activity from their
    origin.. Disguising the origin through
    the movement of funds trough
    accounts and financial institutions. The
    use of layers of complex financial
    transactions; loans, letters of credit,
    investments and insurance

    C. Integration
    The process of using an apparent
    legitimate transaction to disguise the
    illicit proceeds allowing the laundering
    of funds to be disbursed back to the
    criminal. Funds often are used for
    payment for operations, spending on
    luxury goods or investments in
    businesses.

    Stages Of Money Laundering CycleA Graphical Illustration

    Placement

    Placement

    Integration
    Layering

    Techniques Of Money Laundering


    Placement
    Smurfing
    Shipping Money
    Abroad
    Placement through
    Banks
    Use of Pass
    Through or
    Payable Through
    Accounts
    Electronic Wire
    Transfers
    Insurance Products
    Investment Related
    Transactions

    Layering

    Integration

    Tax Havens &


    Offshore Banks

    Use of haven bank


    credit cards

    Bank Secrecy Law as


    a layering tool

    Receiving as
    consulting or
    directors fee

    Corporations & Shell


    Companies as a
    layering tool

    Arrangement of
    corporate loans

    Use of trusts
    Use of walking
    accounts
    Establishing self
    owned bank
    Use of intermediaries

    Proceeds of
    gambling
    Real estate
    transactions
    Stock Purchase
    Use of business
    International
    importing and
    exporting

    Thank you

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