What are the diffrent forms of money laundering?

Question

Accepted Answer

Money laundering can take various forms to conceal the illegal source of funds.

Structuring transactions to avoid reporting requirements
Using shell companies or offshore accounts to hide the true ownership of assets
Investing in legitimate businesses to mix illicit funds with clean money
Using cash-intensive businesses like casinos or car washes to launder money
Trade-based money laundering through over- or under-invoicing of goods or services
Using virtual currencies like Bitcoin to move and conceal funds
Smurfing or using multiple individuals to make small transactions to avoid detection
Bulk cash smuggling across borders
Real estate purchases to conceal the source of funds
Using hawala or other informal value transfer systems to move money without leaving a paper trail

Accepted Answer

There are many forms like cash smuggling , trade - based laundering , bank capture , credit card laundering , shell companies and trusts etc .

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