How MONEY LAUNDERING is done?| What are Money Laundering's Stages| मनी लॉन्ड्रिंग скачать в хорошем качестве

How MONEY LAUNDERING is done?| What are Money Laundering's Stages| मनी लॉन्ड्रिंग

MONEY LAUNDERING AND ITS STAGES Money laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process "launders" it to make it look clean. Money laundering is a serious financial crime that is employed by white collar and street-level criminals alike. Most financial companies have anti-money-laundering (AML) policies in place to detect and prevent this activity. How Money Laundering Works Money laundering is essential for criminal organizations that wish to use illegally obtained money effectively. Dealing in large amounts of illegal cash is inefficient and dangerous. Criminals need a way to deposit the money in legitimate financial institutions, yet they can only do so if it appears to come from legitimate sources. Banks are required to report large cash transactions and other suspicious activities that might be signs of money laundering.3 The process of laundering money typically involves three steps: placement, layering, and integration. Placement puts the "dirty money" into the legitimate financial system. Layering conceals the source of the money through a series of transactions and bookkeeping tricks. In the final step, integration, the now-laundered money is withdrawn from the legitimate account to be used for whatever purposes the criminals have in mind for it. There are many ways to launder money, from the simple to the very complex. One of the most common techniques is to use a legitimate, cash-based business owned by a criminal organization. For example, if the organization owns a restaurant, it might inflate the daily cash receipts to funnel illegal cash through the restaurant and into the restaurant's bank account. After that, the funds can be withdrawn as needed. These types of businesses are often referred to as "fronts." In Short -The process of laundering money typically involves three steps: placement, layering, and integration. Placement puts the "dirty money" into the legitimate financial system. Layering conceals the source of the money through a series of transactions and bookkeeping tricks. In the final step, integration, the now-laundered money is withdrawn from the legitimate account to be used for whatever purposes the criminals have in mind for it. Get notes from here https://instagram.com/padhaku_log?igs... Check out our playlists- Law -    • How Substantive Law different from Pr...   Difference Between playlist    • LAW Difference Between Videos | LEGAL...   General terms-    • Плейлист   Economics-    • Anti Dumping Duty | What is Anti Dump...   Geography -    • What are Perennial and Non- Perennial...   General Knowledge-    • Видео   Case Studies-    • Salomon vs. Salomon and Co. Ltd Case ...   GST Registration-    • Видео   CSEET -    • Видео      • Видео   Current affairs-    • Плейлист   Connect with us- Instagram- https://instagram.com/padhaku_log?igs... Facebook-   / padhaku-log-101091301476679   Mail id- [email protected] Watsapp-9630227777 Telegram-9630227777 About us: Padhaku Log is a platform specially created for those students who live in remote areas and don’t have access to fancy coaching classes. A channel which wants to bring parity in knowledge level of all. #moneylaundering #moneylaunderingprocess #moneylaunderingmeaning #upsc #psc #ssc #icsi #commerce #icai #icmai