KNOW THE THREE STAGES OF MONEY LAUNDERING FOR THE SECURITIES INDUSTRY ESSENTIALS (SIE) EXAM

Are you planning to sit for the Securities Industry Essentials (SIE) Exam? Make sure that you are familiar with the definition of Money Laundering and its three stages.

FINRA publishes a Content Outline for the SIE exam, and it includes Anti-Money Laundering in Section 3.2.3. The Content Outline specifically mentions the three stages of Money Laundering - Structuring, Layering, and Placement.

Bob Eder covers Money Laundering in detail in his SIE study guide, Study for the Securities Industry Essentials Exam. Here is a sample of Bob Eder's discussion:

"Three Stages of Money Laundering                         (3.2.3)

"Criminal justice authorities have identified three stages of money laundering: placement, layering, integrating.

"Placement

In this initial stage, criminals try to insert monies from criminal activities into the financial system. For example, smuggling suitcases of cash across borders; using dirty money to pay off legitimate loans or credit card balances; or exchanging the dirty currency for legitimate currency of another country through means of a money exchange."

Here is the link to FINRA's Content Outline for the SIE Exam. See the references to Money Laundering in FINRA's Content Outline, in Section 3.2.3.

Study for the Securities Industry Essentials (SIE) Exam is available from Amazon in both paperback and Kindle e-book versions. Here is the link to Bob Eder's book on Amazon.

For questions about Bob Eder's Study for the Securities Industry Essentials (SIE) Exam, or questions in general about the SIE exam, or about Money Laundering,  feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. See Bob Eder's Author Page on Amazon.com.

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