There are three stages to money laundering — placement, layering and integration — each of which can be accomplished via a casino. An example of placement in a casino would include exchanging ...

These operations often involve international transactions as a means of "layering"—that is, of obscuring the source of the funds (Box 1). A recent case of money laundering was revealed ... at the ...

"Money laundering and sanctions are huge and nuanced ... They can identify that a customer has used a placement or layering stage, such as a cryptocurrency exchange, to obfuscate the source of money.

Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe has said combating money laundering and countering financing of terrorism will help improve the credibility of the financial system, ...