CHAPTER 2

Money Laundering Methods

Money laundering is a process to conceal the illegal activity and present it as legal. The profits obtained with an illegal way by criminals are maintained from different ways. Some actions behind the illegal activity considered MLA contraventions include:

    •  Assets’ exchange or transfer with hiding or dissimulating of the illegal source to avoid judgment and punishment,

    •  Hiding or dissimulating the origin of the place, circulation, property, or rights of the assets,

    •  Having the knowledge of the origin of the assets’ funds, using and storing, is obtained by the illegal proceeds.

Criminals have various methods to launder dirty money obtained by illegal activities.

Structuring (Smurfing)

Launderers’ ...

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