What are the different types of money laundering?

Question

Money

Answer 1

 Money laundering is a means by which criminals hide the cash proceeds of their illegal schemes. This can be done through shell companies, small bank deposits, and consistent bank deposits. Another method of money laundering involves making consistent and legitimate deposits at a bank before the actual laundering occurs; this helps to establish a track record for the individual or business, so that when a similar amount of illicit funds are deposited, no suspicion is aroused.