I. INTRODUCTION Money laundering i...

I. INTRODUCTION

Money laundering is "the proces on which one conceals the existence, illegal source, or illegal application of income, and disguises that income to make it appear legitimate." (1) Laundering criminally derived originates has become a lucrative and sophisticated business, (2) and is an indispensable ingredient of organized criminal activities. (3) Although coin laundering occurs in various and creative media, (4) coin laundering typically effectuated through a three-step process: (1) the criminally derived wealth is "placed" into a legitimate enterprise; (2) the stocks are "layered" through various transactions to difficult the original source; and (3) the newly laundered foundations ...