What are Money Laundering Stages-Frequently Asked Questions-Stages of Money Laundering

Stages of Money Laundering

“Smurfing” involves splitting a large sum into numerous smaller transactions to avoid reporting requirements. Also, collaborative efforts to conceal money are often referred to as “smurfs.” Smurfs place stolen money into one or multiple accounts over time. Offshore accounts are a favored method for concealing laundered funds, offering privacy and tax benefits. Moreover, opening a

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