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4 Cards in this Set
- Front
- Back
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What are the 3 stages in the money laundering process? |
Placement Layering Integration |
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What is the placement stage? |
Putting cash into the financial system and converting it into other financial assets |
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What is layering? |
Series of complex transactions that are designed to conceal the origins of the money |
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What is integration? |
Access to the money is the final stage |
