There are a lot of videos on TH-cam that try to explain how Money Laundering works, but yours is the one that really helped me understand. The examples you gave were very helpful. Thank you so much.
Thank you for your nice comment Tanaka. I am glad that my contents are useful to you 🙂 If you want to learn more about other important areas within the AML space (like Trade Based Money Laundering for example) I already published more videos on this topic with practical examples.This one on TBML could be an interesting one for you: th-cam.com/video/B9dOgVBBnY8/w-d-xo.html Let me know what you think. Thanks for watching my channel! 👍🏻
Thanks so much for your videos. I appreciate. Please, you said you will do a video on trade-based money laundering, when will it be available? I am working on a piece of research and the video will come in handy. Thanks.
Hi Paul, I published already some videos covering topics related to TBML. I'm leaving you here the link to the main playlist containing those videos: th-cam.com/play/PL0Pufzwcosu9dBq4-8ZjyhGf-Bj1_ErQN.html You will find there videos covering known TBML techniques and risk indicators. Let me know if those are useful to you 👍🏻 Thanks for watching !
Thank you for your positive comment, I am glad you enjoyed my video 🙂 Feel free to let me know if you want me to cover other AML specific topics in the future. Thanks for watching my channel 👍🏻
Welcome to my channel Emilija! Let me know if my video content will support you during your career transition. Thanks for commenting on this video and best of luck 👍🏻
Good video! I would appreciate it if the examples you provide could be broken down into placement, layering and integration. In the casino example, it would be great to distinguish which action constitutes placement, which action constitutes layering and which action constitutes integration. Thank you for the time and effort you are putting in!
Thank you for your feedback. This was one of the very first videos published on my channel so perhaps its time for me to work on a revised version of it and I will keep into account your comment. Thanks for watching 👍🏻🙂
Thanks for your question! In AML, the stages of money laundering - placement, layering, integration - usually follow in sequence. Placement introduces illicit funds into the system, layering disguises their origin, and integration makes them appear legitimate. Each stage plays a specific role in this illicit process. 1.Placement is the first stage, where illicit funds are introduced into the financial system. 2.Layering comes next, involving complex transactions to disguise the origin of the funds. 3.Integration is the final stage, where the 'cleaned' money is re-introduced into the legitimate economy. While these stages can sometimes overlap in complex schemes, reversing the order doesn't align with their intended purposes in laundering money. Hope this helps!
@Sherley-cc2lk you are very welcome 👍🏻 feel free to check other videos from my channel. This specific video was one of my very first and I expanded a lot on AML related content since then. Hopefully you can also notice a better video quality with time 🙂
is this suspicious activity? 1. i got hired by a trucking company, and he put me on payroll of 3 companies without my permission. so my paychecks randomly each week was 1 of the 3 companies and it would rotate randomly from week to week. also the paystubs contained innaccurate descriptions. the "paid miles" was actually under "safety bonus" so nothing on the paystubs matched the actual thing i was being paid for. also the owners are from india, and i live in california. they live in california too. but they wasn't born in usa. i am not sure if that is relevant, but it may give a clue of possible off shore stuff. what steps should i take? is it possible for me to win a big lawsuit against them? or if the government agencies take control will i lose money can i win money still in those situations? am i not gonna win money? quit frankly i am on the brink of not able to pay rent, i am hoping i can win money some how to have some form of relief, i am about to also look for another job.
Hi and thanks for reaching out! Based on the information you shared it does sound suspicious. You might want to consult with an employment attorney to discuss the payroll inconsistencies and the possibility of any unlawful practices. Additionally, consider reporting this to the California Department of Labor if you wish to proceed with further investigation. Seeking legal advice in the first place can help determine your best course of action and whether you can recover any owed wages or damages. I hope this useful.
@@FinCrimeAgent what about forensics accountants? this is one of toughest areas of law. edd, irs codes, financial codes, commercial codes. contain that might be relevant. i never had luck contacting the agencies. in california u cant speak to real person. or person who answers phone knows nothing or they will try to funnel the caller into doing libel by refusing to help unless the caller is reporting a crime. but inorder to find the crimes these types of cases investigation first. so it leaves me in grinded to a halt on progress in the prosecution. its also really hard to find good lawyers even on simple areas of law and this area is tougher. regarding the payroll role stuff the issue at controvsy isnt micro stealing my wages. ill let him get away with that. i do want to dismantle whatever money laundering scheme he might be doing if he is doing it. he also numberous family members with trucking companies.
Thanks for your detailed response. Here are some more suggestions that might help: Along with consulting a forensic accountant and legal professionals, document all communications and discrepancies carefully. Keep copies of pay stubs, correspondence, and relevant documents etc.. If agencies aren’t helpful, try local advocacy groups or your local representative’s office for assistance. For the possible money laundering, consider anonymously reporting your suspicions to FinCEN or a similar organization. Lastly, exploring other job opportunities for financial stability is a good idea while you navigate this process. I hope this helps!
There are a lot of videos on TH-cam that try to explain how Money Laundering works, but yours is the one that really helped me understand. The examples you gave were very helpful. Thank you so much.
Thank you for your nice comment Tanaka. I am glad that my contents are useful to you 🙂
If you want to learn more about other important areas within the AML space (like Trade Based Money Laundering for example) I already published more videos on this topic with practical examples.This one on TBML could be an interesting one for you: th-cam.com/video/B9dOgVBBnY8/w-d-xo.html
Let me know what you think.
Thanks for watching my channel! 👍🏻
Thanks so much for your videos. I appreciate. Please, you said you will do a video on trade-based money laundering, when will it be available? I am working on a piece of research and the video will come in handy. Thanks.
Hi Paul, I published already some videos covering topics related to TBML. I'm leaving you here the link to the main playlist containing those videos: th-cam.com/play/PL0Pufzwcosu9dBq4-8ZjyhGf-Bj1_ErQN.html
You will find there videos covering known TBML techniques and risk indicators.
Let me know if those are useful to you 👍🏻 Thanks for watching !
Thank you!! Your videos help me a lot to learn and understand AML and relate concepts.
Hey thanks for commenting on this video. I’m glad to read that! Wishing you a great career ahead 🙂
Thank you for the video. Its really useful and informative with detailed examples which i was looking for.
Thank you for your positive comment, I am glad you enjoyed my video 🙂 Feel free to let me know if you want me to cover other AML specific topics in the future. Thanks for watching my channel 👍🏻
Hi Marco, I am new here. Want to change my career from accountant to AML, and I think your videos are good start 🙂
Welcome to my channel Emilija! Let me know if my video content will support you during your career transition. Thanks for commenting on this video and best of luck 👍🏻
Good video! I would appreciate it if the examples you provide could be broken down into placement, layering and integration. In the casino example, it would be great to distinguish which action constitutes placement, which action constitutes layering and which action constitutes integration. Thank you for the time and effort you are putting in!
Thank you for your feedback. This was one of the very first videos published on my channel so perhaps its time for me to work on a revised version of it and I will keep into account your comment. Thanks for watching 👍🏻🙂
Thanks for the great video!
Hi Nariman, I’m glad the video was useful to you. Thanks for watching and for leaving here your positive feedback 🙂👍🏻
I learned a lot thank you
Thank you for watching! I’m very pleased my contents are useful to you 🙂
Thank you Sir very informative
Most welcome! Is there any key topics within the AML - CTF space you'd like me to cover in future videos?
Excellent Video
Thank you for sharing your thoughts 👍🏻 I’m glad this was useful to you 🙂
What is Money laundering sir In short line …is this converting dirty money to clean money ?
Yes, that’s indeed the end result expected by criminals involved in money laundering
If the AMLA 3 stages:
1. Placement
2. Layering
3. Integration
Can interchangeably change from 1. integration, 2.layering lastly, placement?
Thanks for your question! In AML, the stages of money laundering - placement, layering, integration - usually follow in sequence. Placement introduces illicit funds into the system, layering disguises their origin, and integration makes them appear legitimate. Each stage plays a specific role in this illicit process.
1.Placement is the first stage, where illicit funds are introduced into the financial system.
2.Layering comes next, involving complex transactions to disguise the origin of the funds.
3.Integration is the final stage, where the 'cleaned' money is re-introduced into the legitimate economy.
While these stages can sometimes overlap in complex schemes, reversing the order doesn't align with their intended purposes in laundering money.
Hope this helps!
Thanks for your immediate response :)
@Sherley-cc2lk you are very welcome 👍🏻 feel free to check other videos from my channel. This specific video was one of my very first and I expanded a lot on AML related content since then. Hopefully you can also notice a better video quality with time 🙂
is this suspicious activity?
1. i got hired by a trucking company, and he put me on payroll of 3 companies without my permission. so my paychecks randomly each week was 1 of the 3 companies and it would rotate randomly from week to week. also the paystubs contained innaccurate descriptions. the "paid miles" was actually under "safety bonus" so nothing on the paystubs matched the actual thing i was being paid for.
also the owners are from india, and i live in california. they live in california too. but they wasn't born in usa. i am not sure if that is relevant, but it may give a clue of possible off shore stuff.
what steps should i take? is it possible for me to win a big lawsuit against them? or if the government agencies take control will i lose money can i win money still in those situations? am i not gonna win money? quit frankly i am on the brink of not able to pay rent, i am hoping i can win money some how to have some form of relief, i am about to also look for another job.
Hi and thanks for reaching out! Based on the information you shared it does sound suspicious.
You might want to consult with an employment attorney to discuss the payroll inconsistencies and the possibility of any unlawful practices. Additionally, consider reporting this to the California Department of Labor if you wish to proceed with further investigation. Seeking legal advice in the first place can help determine your best course of action and whether you can recover any owed wages or damages.
I hope this useful.
@@FinCrimeAgent what about forensics accountants?
this is one of toughest areas of law. edd, irs codes, financial codes, commercial codes. contain that might be relevant.
i never had luck contacting the agencies. in california u cant speak to real person. or person who answers phone knows nothing or they will try to funnel the caller into doing libel by refusing to help unless the caller is reporting a crime. but inorder to find the crimes these types of cases investigation first. so it leaves me in grinded to a halt on progress in the prosecution.
its also really hard to find good lawyers even on simple areas of law and this area is tougher.
regarding the payroll role stuff the issue at controvsy isnt micro stealing my wages. ill let him get away with that. i do want to dismantle whatever money laundering scheme he might be doing if he is doing it. he also numberous family members with trucking companies.
Thanks for your detailed response. Here are some more suggestions that might help:
Along with consulting a forensic accountant and legal professionals, document all communications and discrepancies carefully. Keep copies of pay stubs, correspondence, and relevant documents etc..
If agencies aren’t helpful, try local advocacy groups or your local representative’s office for assistance.
For the possible money laundering, consider anonymously reporting your suspicions to FinCEN or a similar organization.
Lastly, exploring other job opportunities for financial stability is a good idea while you navigate this process.
I hope this helps!