Moving the proceeds of criminal activities through a maze of businesses, banks, and brokerage accounts so as to disguise their origin is known as:

Question

Moving the proceeds of criminal activities through a maze of businesses, banks, and brokerage accounts so as to disguise their origin  is known as:

Quizplus · Accepted Answer

Money laundering is the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to be earned legally. It typically involves three steps: placement, layering, and integration, which help to disguise the origins of the money.

Moving the Proceeds of Criminal Activities Through a Maze of Businesses