Ge El 003
Ge El 003
Carigara-Campus
Brgy. Barugohay Norte Carigara, Leyte
● Money laundering
It is the process of making illegally obtained money appear legal by passing it
through various financial transactions. The goal is to obscure the money's
illegal origins.
Placement- Illicit cash is introduced into the financial system.
Methods:
• Cash Smuggling: Physically transporting cash across borders.
• Bank Deposits: Breaking large sums into smaller amounts
(structuring or smurfing) to avoid detection.
• Casinos & Gambling: Buying chips with illicit money and cashing
them out.
• Cryptocurrency Exchanges: Converting cash into Bitcoin or
Monero.
Consumption of drugs
Overview of Opium/Heroin and Coca/Cocaine