As a system administrator for a financial company, I am often required to take compliance courses as part of my job to learn about system threats and appropriate procedures.One course I recently took covered money laundering (and I was pleased to see a car wash used as an example in the course, an obvious nod to "Breaking Bad").
I learned that the process of laundering money involves three steps: placement, layering and integration.Placement 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is concealed via transactions and accounting/bookkeeping manipulation, and integration is when the "clean" money is withdrawn or used, having been successfully sanitized.
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