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AML > ML/FT Background Info > Flashcards

ML/FT Background Info Flashcards

1
Q

State, describe and give an example of 3 stages of ML transactions.

A
  1. Placement - criminals introduce dirty funds into the financial system. Eg. Putting smaller funds into various accounts.
  2. Layering - dirty money in the financial system, and are being shuffled around to mask their true origin. Eg. Moved from various accounts throughout the world.
  3. Integration - the dirty funds made seem clean and reunited with the criminal. Eg. Invested into real estate.
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AML (10 decks)

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