Billy's Money Laundering Information WebsiteMoney Laundering is a World-wide problem


Billy's Home Page | A Brief History | What is Money Laundering? | How Big is the Problem? | The Money Laundering Process | Stages of the Process | Money Laundering Methods | How Can We Prevent It? | Effects on Financial Institutions | Business Areas Prone To Money Laundering | UK Legislation | Money Laundering Offences | International Initiatives | The Future | Conclusions | Recommendations 

Money Launderers tool bag
Money Laundering - The Money Laundering Process

by Billy Steel


Contents
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A Brief History
Here is a dig into the origins of Money Laundering and how it came about.

What is Money Laundering?
Definitions of the phrase "money laundering".

How Big is the Problem?
Estimate of the amount of money being laundered annually.

The Money Laundering Process
The 3 stages of Money Laundering - Placement - Layering - Integration.

Stages of the Process
How Money Laundering Stages are achieved.

Money Laundering Methods
Techniques used by money launderers.

How Can We Prevent It?
Some measures to prevent this crime.

Effects on Financial Institutions
How this crime affects financial institutions, legally and financially.

Business Areas Prone To Money Laundering
Which businesses are targetted by the money launderer.

UK Legislation
Which legislation in the UK covers Money Laundering.

Money Laundering Offences
What the five basic offences of Money Laundering are.

International Initiatives
Some measures to prevent this crime on an international level.

The Future
Future methods of Laundering cash?.

Conclusions
Some conclusions I have about this area of criminality.

Recommendations
Some recommendations on what can be done to strengthen the fight against this insidious crime.



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THE MONEY LAUNDERING PROCESS

 

Money laundering is not a single act but is in fact a process that is accomplished in three basic steps. These steps can be taken at the same time in the course of a single transaction, but they can also appear in well separable forms one by one as well. The steps are:-

 

  1. Placement;
  2. Layering; and
  3. integration.

 

There are also common factors regarding the wide range of methods used by money launderers when they attempt to launder their criminal proceeds. Three common factors identified in laundering operations are;

 

  • the need to conceal the origin and true ownership of the proceeds;
  • the need to maintain control of the proceeds;
  • the need to change the form of the proceeds in order to shrink the huge volumes of cash generated by the initial criminal activity.


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