What is Placement in Money Laundering? Understanding the First Stage of Illicit Financial Activity

Placement in Money Laundering

Money laundering is the illegal process of making large amounts of money generated by criminal activity appear to be earned legitimately. It involves three key stages: placement, layering, and integration. Placement stands as the initial phase of the cycle, where illicit funds are introduced into the financial system. During this critical stage, money launderers face … Read more