How the basic steps mentioned in the Stages of The Process are used depends on the available laundering mechanisms and the requirements of the criminal organisations. The table below provides some typical examples.
| Placement Stage | Layering Stage | Integration Stage |
|---|---|---|
Cash paid into bank (sometimes with staff complicity or mixed with proceeds of legitimate business). |
Wire transfers abroad (often using shell companies or funds disguised as proceeds of legitimate business). |
False loan repayments or forged invoices used as cover for laundered money. |
| Cash exported. | Cash deposited in overseas banking system. |
Complex web of transfers (both domestic and international) makes tracing original source of funds virtually impossible. |
Cash used to buy high value goods, property or business assets. |
Resale of goods/assets. |
Income from property or legitimate business assets appears "clean". |
These are a small selection of the ways that people clean their "dirty money". I have littered other examples in some of the other pages but it should be taken into account that the ones I have mentioned are the money laundering schemes which have already been uncovered. However, these schemes are still being used on unsuspecting businesses as even though the authorities know about them, not many people do, or even have access to this type of information.
E-mail me with any money laundering schemes so I can update these pages.
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| Last updated, 8 December 2000, by billy@laundryman.u-net.com |
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Copyright © 1998/00 Billy Steel. All rights reserved. |