What is Money Laundering?

Orange Lightning

Money laundering transforms ill-gotten gains from crimes like drug trafficking into seemingly legitimate funds. Here are some things you should know.

1

Dirty Money

Money laundering is the process of making money from illegal activities appear legitimate.

2

Three Stage Wash

Layering involves complex financial transactions to hide the source, Integration brings the laundered money back into the legal economy.

3

Criminal Cash Sources

This dirty money can come from various crimes like drug trafficking, fraud, or terrorism.

4

Finding Loopholes

Money laundering can involve techniques like smurfing using shell companies or exploiting cash-intensive businesses.

5

Financial Defense System

Banks and financial institutions have anti-money laundering policies to detect &  prevent suspicious activity.

6

Global Threat

Money laundering is a worldwide problem, affecting economies and fueling criminal activities.

7

Technology & Challenges

Governments and financial institutions are constantly adapting to these new challenges.