Laundering of Monetary Instruments — Property Represented to be Proceeds of Unlawful Activity is a type of money laundering involving the representation of property as illegally obtained. It involves disguising the true source of funds or the ownership of property so that it appears to be unrelated to any illegal activity. This form of money laundering often involves the use of shell companies, bank accounts, or other financial instruments to obscure the origin of the funds or property. The types of Laundering of Monetary Instruments — Property Represented to be Proceeds of Unlawful Activity include: 1. Structuring: Involves the use of multiple transactions to minimize large cash deposits to avoid reporting requirements. 2. Surfing: Involves the use of multiple people to make small cash deposits to avoid reporting requirements. 3. Layering: Involves the use of multiple bank accounts and complex financial transactions to obscure the origin of funds. 4. Trade-based money laundering: Involves the use of trade transactions to move money from one country to another. 5. Shell companies: Involves the use of companies to disguise the origin of money and to facilitate the transfer of funds. 6. Reverse structuring: Involves the use of multiple transactions to maximize large cash deposits to avoid reporting requirements.
Laundering of Monetary Instruments — Property Represented to be Proceeds of Unlawful Activity is a type of money laundering involving the representation of property as illegally obtained. It involves disguising the true source of funds or the ownership of property so that it appears to be unrelated to any illegal activity. This form of money laundering often involves the use of shell companies, bank accounts, or other financial instruments to obscure the origin of the funds or property. The types of Laundering of Monetary Instruments — Property Represented to be Proceeds of Unlawful Activity include: 1. Structuring: Involves the use of multiple transactions to minimize large cash deposits to avoid reporting requirements. 2. Surfing: Involves the use of multiple people to make small cash deposits to avoid reporting requirements. 3. Layering: Involves the use of multiple bank accounts and complex financial transactions to obscure the origin of funds. 4. Trade-based money laundering: Involves the use of trade transactions to move money from one country to another. 5. Shell companies: Involves the use of companies to disguise the origin of money and to facilitate the transfer of funds. 6. Reverse structuring: Involves the use of multiple transactions to maximize large cash deposits to avoid reporting requirements.
