Here’s How Money Laundering Works
The following movie compilation does a good job breaking it down. Please do watch it now.
The term “money laundering” is believed to come from Mafia ownership of Laundromats.
One of the ways in which they were able to make this money untraceable was by buying valid businesses and to blend their illegal earnings with the legal earnings they received from these businesses. Laundromats were chosen because they were cash businesses.
Money laundering is called what it is because that perfectly describes what takes place.
Criminal use three stages, though it’s often much more intensive and complicated than a three-step plan.