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This was layering, the process of hiding money’s origins through a complex maze of transactions—a crucial instrument in the money launderer’s tool kit. In this case, Rothschild’s compliance department could only see money coming from Larry Low to Jho Low. By this simple process, Low created the impression of inherited money, flowing down through the generations.
Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World
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