Market Research Report Impact Of Money Laundering On Customer Due Diligen

Money Laundering Practices And Impact On Economy- Ken
Research
Research report on “ The
Impact of Money Laundering on Customer Due Diligence”
highlights, money
laundering is the process by which people disguise the proceeds from criminal conduct by
making them appear as proceeds from legitimate source. In India this conversion of black money
into white money is known as Hawala mechanism. Money laundering generally involves three
stages:
 Placement: It involves depositing the illegal cash into the financial system.
 Layering: This stage involves hiding the origin of funds by moving them through a series
of financial transactions so that it becomes difficult to trace or detect.

Integration: This stage involves placing the illegal money into the economy through the
banking system or legitimate source.