The Different Ways Money Laundering Works

The video tutorial explains money laundering, a process to make illegal funds appear legitimate. It outlines the three main steps: placement, layering, and integration. Various methods are discussed, including forming shell companies, using tax havens, engaging in stock market techniques like mirror trading, and utilizing cash businesses such as casinos. The video also covers smurfing, where small deposits are made to avoid detection. Despite these methods, there is no guarantee of evading law enforcement.

What are the three steps involved in a money laundering scheme?

How can forming a shell company help in laundering money?

Describe the technique of mirror trading and its purpose.

What are some common methods used by launderers in casinos?

What is smurfing in the context of money laundering?