Hello, my friend. Anti-money laundering is an act of concealing and disguising the source and nature of illegal funds, and transforming the proceeds of illegal crimes into seemingly legitimate income through various means, including but not limited to providing fund accounts, assisting in the transformation of property forms, and assisting in the transfer or remittance of funds abroad. Money laundering is generally divided into three stages.

First, the investment stage, that is, putting illegal funds into the economic system, mainly using financial institutions and some non-financial institutions;

Second, the isolation stage, that is, the process of covering up the source and destination of criminal income through complex transactions, blurring the illegal characteristics and nature of criminal income, and finally washing the criminal income into legal income;

The third stage is merger, that is, the cleaned funds are transferred to the accounts of legal organizations or individuals who have no obvious connection with criminal organizations or individuals, and the scattered funds are reassembled and used in a legal form.

Common money laundering methods include: (1) illegal funds enter the financial system through the transfer of domestic and foreign bank accounts;

(2) Cross-border transfer of criminal proceeds through underground banks;

(3) using cash transactions and developed economic environment to cover up money laundering;

(4) Use other people's accounts to withdraw cash and cut off money laundering clues;

(5) Use various financial services such as online banking to avoid attracting the attention of banks;

(6) setting up shell companies as "transit stations" for illegal funds;

(7) Legalize illegal funds through various investment activities such as buying and selling stocks, funds, insurance or setting up enterprises;

(8) Money laundering by buying lottery tickets;

(9) Money laundering through the purchase of real estate, and money laundering through jewelry and antique transactions and false auctions.