Post by account_disabled on Mar 7, 2024 5:23:41 GMT -5
Assets money or any other type of goods or values obtained illicitly predicate crime are placed in cycles of transactions so that in the end they appear to have been obtained legally.
In analogy to a washing machine there are three stages in any washing machine: i. sauce; ii. rinse and iii. centrifugation . In the crime of money laundering on the other hand these three stages are generally referred to as i. placement; ii. concealment or masking layering and iii. integration.
The first stage the placement stage simply means introducing the illicitly obtained asset into the financial system. It is a crucial stage because the launderer is more vulnerable to the need for practical action in introducing by hand illicit capital into a financial institution . A big problem even for the most skilled players .
To illustrate Colombian drug trafficker and B2B Email List narco-terrorist Pablo Escobar earned the equivalent of something like US million about R. billion per week and was unable to invest all the money obtained in the laundering cycle quickly enough i.e. That is it could not complete the three stages of money laundering before the illicit cash somehow spoiled or was forgotten in hiding places. Thus Pablo Escobar's inability to launder the money in a timely manner to the point of introducing it into the financial system and therefore using it as if it were clean resulted in him annually in losses of US . billion in losses .
Within the so-called washing cycle of money laundering stage two is layering that is the most skilled money launderers carry out numerous false or genuine national or international financial transactions for real or shell companies precisely with the aim of these invoices invoices or invoices to conceal and mask the illicit origin of the money already introduced into the financial system first stage making it difficult or eliminating the possibility of its traceability by financial authorities such as the Control Council of Financial Activities Coaf for example .
Thanks to the digital revolution its impulses in the area of electronic engineering and information technology and the deepening globalization of the world market there is an increase in the difficulty of tracing capital of illicit origin mainly following electronic operations and which therefore requires international cooperation for certain effectiveness in combating this type of organized crime.
It is worth remembering that according to the Central Bank of the USA the Federal Reserve FED US . trillion are transacted daily in the official markets every day . Once the financial asset appears on any computer screen no one can say whether that same asset which may have turned the world around until then is “clean” or “dirty” whether it comes from shell companies or not or even whether these invoices coming from abroad are true or false. In other words the same global market that moves trillions of legal dollars is also used for illicit movements resulting from predicate crimes by players involved in money laundering.
In analogy to a washing machine there are three stages in any washing machine: i. sauce; ii. rinse and iii. centrifugation . In the crime of money laundering on the other hand these three stages are generally referred to as i. placement; ii. concealment or masking layering and iii. integration.
The first stage the placement stage simply means introducing the illicitly obtained asset into the financial system. It is a crucial stage because the launderer is more vulnerable to the need for practical action in introducing by hand illicit capital into a financial institution . A big problem even for the most skilled players .
To illustrate Colombian drug trafficker and B2B Email List narco-terrorist Pablo Escobar earned the equivalent of something like US million about R. billion per week and was unable to invest all the money obtained in the laundering cycle quickly enough i.e. That is it could not complete the three stages of money laundering before the illicit cash somehow spoiled or was forgotten in hiding places. Thus Pablo Escobar's inability to launder the money in a timely manner to the point of introducing it into the financial system and therefore using it as if it were clean resulted in him annually in losses of US . billion in losses .
Within the so-called washing cycle of money laundering stage two is layering that is the most skilled money launderers carry out numerous false or genuine national or international financial transactions for real or shell companies precisely with the aim of these invoices invoices or invoices to conceal and mask the illicit origin of the money already introduced into the financial system first stage making it difficult or eliminating the possibility of its traceability by financial authorities such as the Control Council of Financial Activities Coaf for example .
Thanks to the digital revolution its impulses in the area of electronic engineering and information technology and the deepening globalization of the world market there is an increase in the difficulty of tracing capital of illicit origin mainly following electronic operations and which therefore requires international cooperation for certain effectiveness in combating this type of organized crime.
It is worth remembering that according to the Central Bank of the USA the Federal Reserve FED US . trillion are transacted daily in the official markets every day . Once the financial asset appears on any computer screen no one can say whether that same asset which may have turned the world around until then is “clean” or “dirty” whether it comes from shell companies or not or even whether these invoices coming from abroad are true or false. In other words the same global market that moves trillions of legal dollars is also used for illicit movements resulting from predicate crimes by players involved in money laundering.