Which stage of the money laundering process includes the depositing of illegally earned money into the financial system in cash, buying high value retail goods, or smuggling cash out of the country?

Question

Quizplus · Accepted Answer

Placement is the initial stage of money laundering where illicit funds are introduced into the financial system, often through methods like depositing cash, purchasing high-value items, or smuggling.

Which Stage of the Money Laundering Process Includes the Depositing