What is the Layering stage of Money Laundering?
The layering stage of money laundering is a process used by criminals to obscure the origin of illegally obtained funds. During this stage, the illicit money is transferred through multiple entities. This movement is designed to create layers of legitimate ownership, making it difficult for authorities to trace the original source of the funds. By complicating the financial trail, layering aims to prevent detection and conceal the money’s true origin.
Read this article to know more about the layering stage of money laundering