What is Layering in BSA?
Layering in the context of Money Laundering refers to the process of concealing the origins of illegally obtained money, typically involving a series of transactions designed to obscure the original source of the funds. This is often the second stage of money laundering, following the initial placement of illicit funds into the financial system.
For a deeper dive into the layering stage of money laundering, you can check out this informative article