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What does placement mean in Anti-money laundering?

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Answer:

Placement is the initial act of placing funds received from illegal sources into the financial system. It is how the money laundering starts. How the illegal funds get into the system (how they are placed) can take many forms. Placement is the first step.

First answer by ID1268184562. Last edit by ID1268184562. Question popularity: 1 [recommend question].

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