Page 24 - Aequitas

AEQUITAS VOLUME: 1,
ISSUE: 1

Steps of Money Laundering CONCLUSION

Placement: Cash deposits, wire In conclusion, money

transfers, and the acquisition of laundering presents a serious

pricey assets like real estate or risk to the integrity of global

upscale luxury items are some of financial institutions since it

the ways that illicit monies are allows criminals to conceal the
injected into the financial funds' illegal sources and

system. incorporate them into the

legal economy. A variety of

Layering: To hide the source and strategies and tactics have

ownership of the illegal monies, been put in place by

money launderers build layers governments, financial

of transactions on top of each institutions, and regulatory

other at this step. This might agencies to tackle this intricate

entail sending money and dynamic crime.

internationally, transferring Authorities have

money between accounts, or implemented extensive
carrying out intricate financial procedures, including legal

activities intended to stump frameworks that enforce the

investigators. Financial Action Task Force
(FATF) standards,

Integration: Money that has Know Your Customer (KYC) rules,

been laundered is reintroduced and reporting requirements for

into the market as investments questionable transactions, to

or assets that appear to be legal. prevent and identify money
This might entail investing in laundering. It is mandatory for

stocks or bonds, buying financial institutions and designated

companies, or utilizing the non-financial companies and

money to support legal business professions (DNFBPs)

ventures.

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