Money laundering is the process of making illegally-obtained money, such as that from drug trafficking or tax evasion, appear legitimate. It involves three steps: placement, where cash enters the financial system through methods like structuring small deposits; layering, where complex transactions disguise the original source; and integration, where the laundered money is acquired as legitimate wealth. Anti-money laundering regulations require financial institutions to monitor for and report suspicious transactions over $10,000 to prevent laundering activities.

2.  Money laundering is the process whereby
the proceeds of crime are transformed into
ostensibly legitimate money or other assets.
 Money obtained from certain crimes, such as
extortion, insider trading, drug trafficking,
illegal gambling and tax evasion is "dirty". It
needs to be cleaned to appear to have
derived from non-criminal activities so that
banks and other financial institutions will deal
with it without suspicion.

3.  crime that are laundered using a variety of
monetary instruments including securities,
digital currencies such as bit coin, credit
cards, and traditional currency. Money can
be laundered by many methods, which
vary in complexity and sophistication.

4.  the first step involves introducing cash into
the financial system by some means
("placement")
the second involves carrying out complex
financial transactions to camouflage the
illegal source ("layering")
the final step entails acquiring wealth
generated from the transactions of the illicit
funds ("integration")

5. Structuring: Often known as smurfing, this
is a method of placement whereby cash is
broken into smaller deposits of money,
used to defeat suspicion of money
laundering and to avoid anti-money
laundering reporting requirements
Depositing again and again in small
amounts.

6. Bulk cash smuggling: This involves
physically smuggling cash to another
jurisdiction and depositing it in a financial
institution, such as an offshore bank
Black salaries: A company may have
unregistered employees without a written
contract and pay them cash salaries

7. Anti-money laundering (AML) is a term
mainly used in the financial and legal
industries to describe the legal controls
that require financial institutions and other
regulated entities to prevent, detect, and
report money laundering activities

8. The approach in the United States to
stopping money laundering is usually
broken into two areas: preventive
(regulatory) measures and criminal
measures.
 Cash transactions in excess of
US$10,000 must be reported on
a currency transaction report (CTR),
identifying the individual making the
transaction as well as the source of the
cash

9. Thank You.