There are three stages of money laundering:
- Placement: In this stage, funds obtained through illegal activities are introduced to the financial system.
- Layering: In this stage, money is moved through various bank accounts or transactions to create a distance between the source and destination of funds.
- Integration: In this stage, the laundered money is integrated into the financial system and appears legal.
Check out this infographic to learn more about the three stages of money laundering: Stages of Money Laundering | AML UAE