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Money Laundering
Money laundering is the illicit practice of disguising huge sums of money obtained through illegal or criminal activities, such as drug trafficking or terrorist financing, as legitimate. The proceeds of illicit conduct are deemed unclean, and the process "launders" them to make them appear clean. Laundering money normally consists of three steps: placement, layering, and integration. Placement sneakily introduces "bad money" into the lawful financial system. Through a sequenc
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