Money laundering is a real issue in tech: Here's what is being done to stop it
I learned that the process of laundering money involves three steps: placement, layering and integration. 1Placement is when the "dirty" money enters the financial system, layering is when the source of the money is concealed via transactions and accounting/bookkeeping manipulation, and integration is when the "clean" money is withdrawn or used, having been successfully sanitized. 1
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