Stages of money laundering

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September 9 2019

Money laundering is the concealment or disguise of the nature, source, location, disposition, movement, rights with respect to ownership of property, knowing that such property is derived from an offense or offences or from an act of participation in such an offence or offences.

Simply put, it is the process of making large amounts of money generated through criminal activities appear to have come from a legitimate source.