How to launder money

Two of the best ways to hide tainted cash are casinos and real estate—hello, Vancouver!

There are three stages to money laundering, says David Howard, author of Chasing Phil: The Adventures of Two Undercover Agents with the World’s Most Charming Con Man:

1. Placement (moving the money, as smugglers do)
2. Layering (distancing the money from its past)
3. Integration(flowing the criminal proceeds back into the legitimate economy)

Writing for the Daily Beast, Howard describes various examples, including an investigation of gambling in B.C. and suspicious real estate purchases in Vancouver