Placement, layering and integration- the 3 stages of money laundering:
1 placement get the money into ‘legitimate’ financial institutions & out of the launders hands
2: layering - wiring to different bank accounts- transactions with shell companies & high dollar purchases of tangible goods
3: integration-the sale or transfer of high dollar goods -legitimate purchases of securities &legitimate transactions with legal entities controlled by the launderer
Pay for play - tell them you’ll give them X for kicking back a huge portion of the foreign aid that you can get pushed through & they’ll buy a million books - or pay you for a big speech and then u kick back to others in congress who helped pass the foreign aid... I really do hope they all go to prison!
Placement, layering and integration- the 3 stages of money laundering: 1 placement get the money into ‘legitimate’ financial institutions & out of the launders hands 2: layering - wiring to different bank accounts- transactions with shell companies & high dollar purchases of tangible goods 3: integration-the sale or transfer of high dollar goods -legitimate purchases of securities &legitimate transactions with legal entities controlled by the launderer
Pay for play - tell them you’ll give them X for kicking back a huge portion of the foreign aid that you can get pushed through & they’ll buy a million books - or pay you for a big speech and then u kick back to others in congress who helped pass the foreign aid... I really do hope they all go to prison!