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| Operational Principles of Money Laundering |
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| a. Sever any link that directly associates the funds with the crime.
b. Erase the tracks to outwit any attempts of capture or monitoring.
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| Stages of Money Laundering |
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| - Placement.
- Concealment/Processing/Stratification or Transformation
- Integration |
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| What is Money Laundering? |
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| Definition Money Laundering is the process of hiding or disguising the existence, legal source, movement, destination or illegal use of assets or funds obtained as a result of illegal activities. The purpose of money laundering is to make such funds appear as legitimate |
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| Money Laundering has consequences that could potentially destabilize a country’s economy and therefore have a negative effect on the economic and social development of a nation. |
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