Transaction laundering hides in plain sight with all three stages of money laundering (placement, layering and integration) one step removed

.....transaction laundering — a form of money laundering .......sometimes also known as "factoring," transaction laundering occurs when legitimate merchants process payments for illicit purposes on behalf of another party....

FinCEN recently singled out transaction laundering as a variation on the standard themes of money laundering. But what's remarkable about transaction laundering is the sheer "hiding in plain sight" nature of this gambit.

Criminals and their associates understand the industry and know the types of businesses that are likely to evade enhanced front-end due diligence.

Read more at http://www.fraud-magazine.com/article.aspx?id=4294994349&mkt_tok=eyJpIjoiWldaa01tUmlPV1k0TlRNMyIsInQiOiJGVkxueDd4Y0t0T2VNMldzUnlFTkk1MTJcL1lJZEVVWlRCVFRhK1RZXC9aamJJN2RTS1dkZUFDWlNnNmx4Y3JYcTJTU0haZms3Y0hnaXF6SVh5SjZ5TnFlMDMzV20zSDdIQ2ZwN1FUUVNpNk8xXC9mN3grM2xqUk00Sk5aam01YjlyaCJ9