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 Laundering - The Money Laundering Process
by Billy Steel
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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
Money Laundering Offences
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:-
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;
Copyright © 1998/2006 Billy Steel. All rights reserved.