21+ What Are The Key Stages In The Money Laundering Process Background. And at the same time. The money laundering cycle can be broken down into three distinct stages;
Placement is the first step of money laundering which is the process of moving the money into the legitimate source via financial institutions, casinos, financial instruments etc.
Placement of illegal funds in a legitimate financial institution, the layering of illegal and legal funds to obfuscate the origin of the illegal i could go on and on. Money launderers' vulnerability at this stage is in the way they. Three distinct money laundering stages are then followed for the 'dirty' illegal money to be reintegrated into the legal, financial system for the criminal's benefit. At this stage, the money introduced in the economy is then covered by means of a number of conversions of the funds, to change its form.