The process of disguising the criminal origin, ownership, movement, or destination of funds so they appear legitimate. It is commonly described through placement, layering, and integration, although real schemes do not always follow those stages neatly.
Category: compliance. Part of the Identity Technologist Glossary — more than 200 practitioner-grade definitions covering identity verification, KYC/AML, biometrics, fraud prevention, and compliance. See all terms at https://identitytechnologist.com/glossary.