Bank Secrecy Act Basics: 03. Components of a Money Laundering Operation
- Gain an understanding of the money laundering process.
Money laundering can be a very shady and hard-to-identify criminal scheme. It's important to understand the basic structure of a money laundering operation, so you can recognize when it's happening. All money laundering schemes have three elements: placement, layering, and integration. In this program, we'll talk through these three stages so that you're able to identify criminal activity when it occurs. We'll also discuss what to do if you suspect that money laundering is taking place in your financial institution.
- 5 minutes
- Format: Video