A series of financial transactions which is designed to conceal origin of dirty money refers to?

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2026-08-18 10:35

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A series of financial transactions designed to conceal the origin of dirty money is referred to as "money laundering." This process typically involves three stages: placement, where illicit funds are introduced into the financial system; layering, where transactions are conducted to obscure the source; and integration, where the laundered money is reintroduced into the economy as legitimate funds. Money laundering is illegal and is often associated with organized crime and corruption.

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