AU Small Finance Bank Senior Compliance Analyst Interview Questions and Answers

The three steps in Money Laundering are placement, layering, and integration.

• Placement: The initial stage where illegal funds are introduced into the financial system.

• Layering: The process of moving the funds through a series of complex transactions to obscure the audit trail.

• Integration: The final stage where the laundered funds are reintroduced into the legitimate economy.

Money laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.

• Money laundering involves three main stages: placement, layering, and integration.

• Placement is the initial stage where the illegal funds are introduced into the financial system.

• Layering involves moving the funds around to ...read more