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Tag Archive for Dirty Money

Money Laundering: Who Has Dirty Money?

“Money laundering generally refers to financial transactions in which criminals, including terrorist organizations, attempt to disguise the proceeds, sources or nature of their illicit activities.”…U.S. Department of Treasury Website

Law enforcement and financial regulators everywhere are on the lookout for money laundering. Big corporations and financial institutions hire compliance experts, and those experts cooperate fully rather than face huge fines and penalties.

While money laundering is a single process, it does have three stages:

1. The Placement Stage

This is where the “dirty” money or cash proceeds of criminal activity first enter the Read more