Money Laundering and Asset Recovery

Money laundering is the process of making illegally obtained money appear legal by disguising its origins. It involves three stages: placement (introducing the dirty money into the financial system), layering (moving the money through various transactions to obscure its source), and integration (reintroducing it into the economy as legitimate funds). Asset recovery refers to the process of locating and reclaiming these illicit funds or assets. Forensic accounting plays a crucial role in both areas by using investigative skills and financial analysis to trace, document, and recover assets linked to criminal activity, helping to ensure justice is served.