stages of money laundering

The 3 Stages of Money Laundering

March 21, 2018

Money laundering involves the use of processes to disguise an original source of funds or assets that are generated through criminal activities, such as drug trafficking, fraud, smuggling, corruption or extortion.

Global markets consider money laundering a significant white collar crime. The scope of money laundering proceeds is estimated in the billions to trillions of dollars each year. Because money laundering actually facilitates criminal activity – and it may upset national economies in some places – money laundering is a domestic and international issue.

Are you or someone you know facing money laundering charges?
Schedule your free consultation with defense attorney Brett Podolsky >>