The United Nations Office on Drugs and Crimes estimates the amount of money laundered globally each year to be 2 to 5 percent of global gross domestic product (GDP) or ($800 billion to $2 trillion). These figures or amounts indicate that money laundering is a national as well as a global menace.

Outline and discuss the three key steps involved in the money laundering process and make three recommendations for curtailing or minimizing its growth.

Support your discussion with validated references and apply APA guidelines when responding to this discussion post.

Hint: Source: Dr. Crumbley, Dr. Fenton, and Dr. Smith, (2019), Forensic and Investigative Accounting, Ninth Edition, page (7001)