Layering

Money Laundering
Money laundering is the illicit process of disguising the profits of criminal activities as legitimate income. Involving multiple stages, including placement, layering, and integration, it aims to hide the origin, existence, or use of illicitly gained funds.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.