FATF ( Financial action task force) mainly classified Money laundering in 3 stages. 1. Placement – Placement is a process of injecting illegal money into the financial System means putting money into commercial banks, investment banks, stock markets, etc. Placement can be done through various means like:- • Blending Of Funds – Blend or combineContinue reading “Money Laundering Process.”
Tag Archives: FATF
AML (Anti-money Laundering)
Before going ahead with understanding Anti-money laundering we must know what money laundering is? Money laundering is the process of making illegal money appear to have come from legitimate sources or legal sources. Now you wonder what is illegal money? So illegal money is the money which is obtained from illicit (unlawful or illegal) activityContinue reading “AML (Anti-money Laundering)”
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