There are three steps to money laundering: placement, layering, and integration. Placement involves moving ill-gotten cash into financial systems through methods like currency smuggling or bank complicity. Layering then converts the proceeds into monetary instruments like banker's drafts to make the money harder to trace. Finally, integration makes the criminal funds seem legitimate by returning them from seeming legitimate sources, completing the money laundering process.

1. Name:- Neelam Khushihal Vishwakarma
Std.:- TY[BFM]
Subject:- Ethics & Governance

2. Money Laundering

4. • There are three steps involved in the process
of money laundering.
Process of
Money
laundering
Placement
Layering
Integration

5. Placement:-
This is the movement of cash from its source. On occasion the source
can be easily disguised or misrepresented. This is followed by placing it into circulation
through financial institutions, casinos, shops, bureau de change and other businesses,
both local and abroad. The process of placement can be carried out through many
processes including:- Currency Smuggling, Bank Complicity.
Layering :-
- Once the placement is successful within the financial system by way of a bank
or financial institution, the proceeds can then be converted into monetary instruments.
This involves the use of banker’s drafts and money orders.
- Assets that are bought through illicit funds can be resold locally or abroad and
in such a case the assets become more difficult to trace and thus seize.

6. Integration:-
The final stage is where the money is returned to
the criminal from what seem to be legitimate sources. Having
been placed initially as cash and layered through a number of
financial transactions, the criminal proceeds are now fully
integrated into the financial system and can be used for any
purpose.

7. THANKYOU