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gtnhenbr [62]
3 years ago
10

How does the money laundering process usually begin?

Business
1 answer:
Aloiza [94]3 years ago
8 0

Answer:

The money laundering process usually consists of three steps: placement, layering, and integration.

Placement: The first entry of illegal money into the financial system is its settlement.

Layering: This step hides the source of money through a series of transactions and bookkeeping tricks.

Integration: The money laundered is withdrawn from the legitimate account to be used, and the money is returned to the criminal from the legitimate source.

Explanation:

hope it helps you

please mark me as brainliest

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