What Is Money Laundering and How Does It Work?
Money laundering is the illegal process of making large amounts of money generated by a criminal activity appear to be earned legitimately. It typically involves three stages: placement (introducing the money into the financial system), layering (moving the money to obscure its origins), and integration (using the money within the legal economy). Understanding how it works is crucial for businesses to avoid unintentional involvement in criminal activities. For inquiries, contact 646-688-2884 or email at inquiry@my-cpe.com.
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Money Laundering Explained - Fraud and Detection Course
Learn the steps and schemes of money laundering in this 2-hour CPE webinar. Understand fraud, legal issues, and detection strategies. Register now!
