Economic Law (Money laundering)

This query is : Resolved

Jyoti (Querist)
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17 July 2011 Money Laundering can be classified into three stages-

1) Placement- The launderer introduces his illegal profits into the financial System.

2) Layering

3)Integration- The launderer might choose to invest the funds into real estate, luxury assets etc.

I could not understand the second stage of Layering. Please explain.

Dr. Imran Ahmad, JD; DBA

Dr. Imran Ahmad, JD; DBA (Expert)
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18 July 2011 Any money passed even printed without purchase is money laundering of "black money". In India for example 100% money which is printed falls in this category. Reason this system is OK for all of the institutions of India.But is approved internationally because they are also doing same. There is no other way to pass it to dearers of government/s.
Now Your question is pin pointing someone in particular. I am not sure but check again as per I recall Layering means distributing in various accounting heads. A show or a cover up. There are some professions where you do not need to put account of like farmers, owners of farm land, salaried person, etc.
I hope I have explained it. Please note it is my answer and not a abuse of any kind.
My Regards.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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18 July 2011 Layering - After the injection has taken place and the tainted money or value
has entered and become mixed up in the main mass of money or value in the
financial system, it is spun around different accounts, different names, different ownership, plus different instruments and investments. All these movements are designed to disguise the origins of the money or value and thus confuse those who might be attempting to trace the money or value back to the root,
criminal source.

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