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    The document discusses the steps in money laundering: placement, layering, and integrating. Placement involves initially placing illegally obtained money into the financial system, such as depositing cash into bank accounts. Layering then uses multiple transactions to distance the money from its source by constantly moving it between accounts and investments. Finally, integrating retrieves the funds in a way that makes them appear legitimate, such as using the money to purchase real estate or luxury goods.

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    The document discusses the steps in money laundering: placement, layering, and integrating. Placement involves initially placing illegally obtained money into the financial system, such as depositing cash into bank accounts. Layering then uses multiple transactions to distance the money from its source by constantly moving it between accounts and investments. Finally, integrating retrieves the funds in a way that makes them appear legitimate, such as using the money to purchase real estate or luxury goods.

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    9 views7 pages

    T4Q5

    Uploaded by

    edwardfoong
    The document discusses the steps in money laundering: placement, layering, and integrating. Placement involves initially placing illegally obtained money into the financial system, such as depositing cash into bank accounts. Layering then uses multiple transactions to distance the money from its source by constantly moving it between accounts and investments. Finally, integrating retrieves the funds in a way that makes them appear legitimate, such as using the money to purchase real estate or luxury goods.

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    of 7

    Money Laundering

    Discuss the steps in money laundering.


    Provide relevant examples.

    Presenter: Kuek Jing


    Definition
    • Process of converting cash or property derived from criminal activities to
    give it a legitimate appearance.

    • A process to clean ‘dirty’ money in order to disguise its criminal origin.

    • The essence of money laundering is deceit and cover-up.

    Lecture slide
    21
    Placement
    • Initial stage to integrate the fund into legal, financial system.
    • Vulnerable stage (easily get caught)
    Eg:
    1. Deposit into bank account (structuring technique, atm)
    2. Invest into financial institution
    3. Purchase monetary instrument (money orders, traveller’s check)
    4. Casino (purchasing gambling token)
    Layering
    • Involve using multiple transactions to distance the fund from their origin.
    • Constantly moving to elude detection
    HOW?:
    1. Transfer from bank to bank (offshore account).
    2. Moving around the globe electronically.
    3. Divide them into investments.
    4. Trading in overseas market.
    Integrating
    • Retrieve illicit funds in a legal way after fully integrating them into a legitimate
    source

    • Reintroduce the funds into the system or economy


    • Purchase tradable property (real estate, expensive car, artwork, luxury goods)
    Thank
    you

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