Integration money laundering is the process of using legitimate transactions to disguise illicit proceeds. In the integration stage, the funds are reintroduced into the economy to appear to belong to legitimate sources. This helps the criminal clean the dirty money, invest it, and profit from it.
What is the integration stage?
The final stage of the money laundering process is termed the integration stage. It is at the integration stage where the money is returned to the criminal from what seem to be legitimate sources.
What is an example of integration in money laundering?
Integration Examples of integration include: Sale or transfer of high-dollar items purchased with laundered funds. Sale or transfer of real estate purchased with laundered funds. Legitimate purchases of securities or other financial instruments in the launderer's or launderer's legitimate business entities' names.
What are the 3 steps in money laundering integration?
The process of laundering money typically involves three steps: placement, layering, and integration.
What is money laundering integration?
Integration. This is the final stage of the money laundering process. This involves the process to get the funds back to the criminal from what seems to be a reputable source. In this manner, the criminal can receive funds from their original illegal source in methods that do not draw attention to the situation.
What is an example of the integration stage of money laundering?
Integration is the ultimate goal of the money laundering process. In this stage, the illicit funds may appear legitimate and are often used to purchase other assets, for example: Real estate or other assets. Securities investments.
What are examples of placement in money laundering?
- Exchanging monetary instruments for larger or smaller amounts.
- Wiring or transferring funds.
- Buying or selling securities through numerous accounts.
- Obtaining a loan in one or more financial institutions.
What are the 3 stages of the money laundering process?
Integration This is where the cash re enters into the legitimate economy. This final stage of money laundering successfully puts the so-called 'cleaned' money back into the economy.Oct 5, 2020