Money Laundering

The video explains money laundering, a process to disguise the ownership of illicit proceeds to make them appear legitimate. It outlines the three phases: placement, where illegal funds are introduced into the financial system; layering, which involves concealing the source through complex transactions; and integration, where the 'cleaned' money is reintroduced into the economy as legitimate funds. The video emphasizes the difficulty in tracing the origins of laundered money, highlighting its criminal nature.

What does 'layering' involve in the money laundering process?

How does 'integration' function in money laundering?