Define 'self-laundering.'

The term 'self-laundering' refers to the act of individuals trying to disguise the origins of their own proceeds from criminal activities. This process involves the perpetrator utilizing various techniques and methods to make those illicit funds appear legitimate. The primary motive is to mitigate the risk of detection by authorities while also enjoying the benefits of the criminal gains.

In the context of money laundering, self-laundering is particularly significant because it highlights a direct involvement of the criminal in the laundering process, unlike scenarios where third-party entities are engaged. Individuals engaging in self-laundering may employ a range of tactics, such as funneling cash through legitimate businesses or investing in financial instruments to obfuscate the illicit source of the funds.

Understanding this definition is crucial because it illustrates the proactive role that offenders may take in legitimizing their ill-gotten gains, as opposed to relying solely on others to perform this function.