Money laundering is the illicit process of disguising the origins of illegally obtained money to make it appear legitimate. This complex financial crime is...
Money laundering is the process of disguising the illegal origins of unlawfully obtained money to make it appear legitimate within the financial system.
It generally involves three stages: Placement (introducing illicit funds), Layering (obscuring the money trail), and Integration (making the money appear legitimate).
It fuels criminal activities, undermines the integrity of financial systems, distorts economies, and can fund terrorism or drug trafficking.
Governments, financial institutions, law enforcement agencies, and international bodies collaborate through Anti-Money Laundering (AML) regulations and intelligence sharing.