Money laundering B refers to engaging in monetary transactions in property derived from specified unlawful activity. It is a form of financial crime which involves the conversion of illegally obtained money into ‘clean’ funds which cannot easily be traced back to its criminal source. The primary purpose of money laundering is to hide and disguise the criminal source of the money so that it can be used without raising suspicion. Money laundering B involves several distinct stages, which are referred to as the ‘layering’, ‘integration’ and ‘placement’ stages. The ‘layering’ stage involves the transfer of funds to a number of different accounts and entities in order to make it more difficult to trace the funds back to its criminal source. The ‘integration’ stage involves the integration of the criminal proceeds with legitimate funds and businesses. The ‘placement’ stage involves the use of the laundered funds in legitimate investments. There are several types of money laundering B. These include: • Bank Secrecy or Shell Company Money Laundering — This involves the use of shell companies or banks in order to conceal the true source of the funds. • Money Transfer MoneLaunderingin— – This involves the use of money transfer services, such as wire transfers, to move funds around in order to disguise their criminal origin. • Real Estate MoneLaunderingin— – This involves using real estate transactions to disguise the criminal origin of funds. • Trade-Based MoneLaunderingin— – This involves the use of trade transactions to disguise the criminal origin of funds. • Structuring MoneLaunderingin— – This involves the use of multiple transactions in order to hide the criminal origin of funds. • Tax Evasion MoneLaunderingin— – This involves the use of tax evasion techniques to disguise the criminal origin of funds.