What are some common methods used in Money Laundering?

What are some common methods used in Money Laundering?

Money laundering is a complex process utilised by criminals to disguise the origins of illegally obtained money. While various methods are used, they generally fall into three main stages: placement, layering, and integration.
Some of the common methods of money laundering include:

  • Smurfing
  • Opening up accounts under false names
  • Cash smuggling
  • Offshore financial institutions

Visit this informative article if you’re interested in a deeper understanding of this process to counter the risks of money laundering: