Concealing the source of illegal income in confusing,sometimes multiple financial actions is known as:

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Concealing the source of illegal income through multiple financial actions is known as layering. Placement refers to the initial stage where the illegal funds are introduced into the financial system, while integration is the final stage where the laundered funds are used to purchase assets or appear as legitimate income. Exchange is not a term commonly used in money laundering.

Concealing the Source of Illegal Income in Confusing,sometimes Multiple Financial