Anti-Money Laundering

Money laundering is the process by which proceeds from a criminal activity are disguised to conceal their illicit origin. According to the UNODC, regardless of who is laundering money, the operational principles are essentially the same. Money laundering is a dynamic three-stage process that requires:

• Placement, moving the funds from direct association with the crime;
• Layering, disguising the trail to foil pursuit; and
• Integration, making the money available to the criminal, once again, with its occupational and geographic origins hidden from view.