Organized Crime: How Transnational Criminal Enterprises Wash Their Money (8/20/24)

The Epstein Chronicles

Money laundering is a critical process for criminals, enabling them to use or invest their illicit gains without drawing the attention of authorities. The process involves converting "dirty money"—funds generated from illegal activities such as drug trafficking, terrorism, fraud, or organized crime—into "clean money" that appears to be legally obtained.
Money laundering is the process of disguising illegally obtained money to make it appear legitimate. It typically involves three stages:

1. Placement: Introducing the illicit money into the financial system, often through cash deposits or purchases.
2. Layering: Moving the money through a series of complex transactions to obscure its origins, such as transferring funds between accounts, countries, or investing in assets.
3. Integration: Reintroducing the "cleaned" money into the economy, making it appear as legitimate income through legal channels like business investments, real estate, or financial products.

This process is essential for criminals to use their illegal profits without attracting law enforcement attention.
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