Layering: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson mNo edit summary |
imported>Doug Williamson m (Spacing 22/8/13) |
||
| Line 1: | Line 1: | ||
1. | 1. | ||
''Money laundering.'' | ''Money laundering.'' | ||
The undertaking of a series of financial transactions with the intention of disguising the true source of laundered money. | The undertaking of a series of financial transactions with the intention of disguising the true source of laundered money. | ||
This is often the second stage of money laundering. | This is often the second stage of money laundering. | ||
It would follow initial 'placement' of the illegally obtained money into the legitimate financial system. | It would follow initial 'placement' of the illegally obtained money into the legitimate financial system. | ||
2. | 2. | ||
''Market manipulation.'' | ''Market manipulation.'' | ||
The (illegal) practice of simultaneously entering a large number of orders intended to be cancelled - for example to buy - together with a smaller number of orders intended to be executed - for example to sell. The intention is to artificially influence the market price with the subsequently cancelled orders, and to take advantage of that artificial market price with the executed orders. | The (illegal) practice of simultaneously entering a large number of orders intended to be cancelled - for example to buy - together with a smaller number of orders intended to be executed - for example to sell. | ||
The intention is to artificially influence the market price with the subsequently cancelled orders, and to take advantage of that artificial market price with the executed orders. | |||
== See also == | == See also == | ||
Revision as of 11:50, 22 August 2013
1.
Money laundering.
The undertaking of a series of financial transactions with the intention of disguising the true source of laundered money.
This is often the second stage of money laundering.
It would follow initial 'placement' of the illegally obtained money into the legitimate financial system.
2.
Market manipulation.
The (illegal) practice of simultaneously entering a large number of orders intended to be cancelled - for example to buy - together with a smaller number of orders intended to be executed - for example to sell.
The intention is to artificially influence the market price with the subsequently cancelled orders, and to take advantage of that artificial market price with the executed orders.
