Series 24: Anti–Money Laundering

Taken from our Series 24 Online Guide

Anti–Money Laundering

Money laundering is the process of transforming illegally gained funds into seemingly legitimate funds. It is commonly achieved in three steps.

1. Placement is the depositing of funds in financial institutions, or the conversion of cash into negotiable instruments such as cashier’s checks and money orders. Cash may be routed through “front” operations like a check-cashing service or jewel

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