They can all facilitate the
entry of illicit money into the financial system via the following
Creating corporate vehicles and
complex legal entities such as trusts. These obscure the links
between the proceeds of crime and the perpetrator
Buying and selling property can
be used in the layering stage, or in the integration stage where the
asset is purchased and retained
transactions on behalf of a client (making deposits, issuing
cheques, making and receiving wires, buying and selling stock)
Providing financial and tax
advice. Criminals may pose as wealthy individuals who need help
sheltering wealth from tax.
The issue of lawyers or
attorneys providing advice to their client is controversial, as they
have a confidential relationship with their clients.