Money Laundering Investigator
Placement occurs when the money from the illegal activities are placed into the economy. Typically, money launderers will have a front business that typically deals with cash, so that large cash transactions on their financial statements will not raise any eyebrows.
Layering is the process of “disguising” the funds. Typically the money will be moved around multiple shell corporations and businesses to hide the paper trail that leads back to the illegal activity. In today’s day and age, perpetrators are increasingly using cryptocurrency in the layering stage to add an extra degree of obstruction.
Integration is the final stage where the money ends up back in the hands of the perpetrator. However, after going through the layering process, the money is “cleaned” and the link to the illegal activity is faint. The perpetrator can know use the funds to purchase every day items with them.
Luckily for fraud investigators and the general public, money laundering is easy to spot in the placement stage. Typically, introducing large amounts of cash into the economy is difficult to do without raising any red flags. For this reason, most money laundering schemes are discovered in this plan emend stage before the scheme can even get off the ground.
The Preston Matthews Group follows the practices and training of the Association of Certified Anti-Money Laundering Specialists, the Association of Certified Fraud Examiners, and the Financial Action Task Force. AML Compliance is a necessary function of financial services, financial institutions, and financial system to implement to ensure criminal justice.
Our team includes fraud investigators, insurance adjusters, ex-law enforcement, and experienced private investigators. Our cohesive efforts allows us to uncover money laundering schemes effectively and efficiently. Additionally, we offer anti-money laundering services to businesses to help implement preventative measures to prevent employee money laundering. Implementing AML regulations in your business can help prevent money laundering, suspicious activities, and other suspicious transactions. If you are in need of an anti-money laundering investigator, reach out to The Preston Matthews Group.