Many forms of criminal activity generate significant amounts of money. To avoid attracting the attention of law enforcement, criminals must find a way to disguise the source of their ill-gotten funds. That’s the goal of money laundering, which involves criminals engaging in a series of transactions to conceal the criminal origins of their money.

Money laundering involves three stages:

1. A criminal (or those under their direction) introduces funds earned through criminal activity to the financial system.
2. A money launderer (or the criminal themselves) engages in a series of transactions to create layers between the illegal source of the cash they control.
3. The criminal moves laundered money back into the financial system.

The layering process

During the layering stage, the goal is to disconnect the money from the illegal activity that generated it. Generally, the more layers money passes through, the harder it becomes to connect the funds to criminal activity.

The goal of layering is to make the process of tracking money through each layer more difficult to accomplish. Layering can include changing the nature of the assets, i.e. cash, gold, casino chips, real-estate, etc.

Complex layering schemes involve sending the money around the globe using a series of transactions. The more countries the money enters and leaves, the harder it is to uncover the “dirty” source of the money.

Layering and AML

A complex layering scheme makes anti-money laundering (AML) operations challenging. Since they lack jurisdiction overseas, law enforcement must coordinate with their foreign counterparts, which can delay the tracking of the funds while complicating the document trail associated with the funds.

To complicate matters further, criminals often use shell companies, which engage in fraudulent transactions, such as the creation of fake invoices. Once the company receives payment for the fake invoice, those who control the shell company can return the proceeds or send them to another shell company as payment for a subsequent fake invoice.

Layering can involve electronic transactions such as wires and ACHs, paper transactions, and/or manual movement of the funds between countries using covert means. Those laundering the funds may also decide to use non-traditional financial systems, such as Hawala (Middle East), Hundi (India), or Hui Kuan (Hong Kong), which are alternative remittance systems that allow for the movement of money without doing so physically.

Whiting Petroleum Corporation (WLL), a Oil & Gas E&P business, was a gaining stock in the previous trading session. Whiting Petroleum Corporation (WLL) shares opened at $1.3400 and closed the day at $1.2600 with positive move of +8.62%. The increase movement in Whiting Petroleum Corporation (WLL) beat the movement in the DOW for the day which gained +2.21% in previous trading day.

Whiting Petroleum Corporation (WLL) is focused on the Oil & Gas E&P sector. This stock market sector has seen some movement from traders in recent months. Bullish traders of Whiting Petroleum Corporation (WLL) will be looking for positive upcoming earnings whereas bearish traders of Whiting Petroleum Corporation (WLL) will be looking for negative earnings. The last time Whiting Petroleum Corporation (WLL) had an earnings surprise was on Qtr Ending 12/19 when they reported -$0.22 compared to an estimate of -$0.44 which was a difference of $+0.22 resulting in a change of +50.00%. Current earnings estimates are to be released for Current Qtr 03/2020 on Whiting Petroleum Corporation (WLL) and out of 6 Wall Street estimates the average is saying -$0.78. The high estimate is saying -$0.62 whereas the low estimate is saying -$1.17 and the prior year Whiting Petroleum Corporation (WLL) announced earnings at -$0.16 a growth rate est. (year over year) of -387.50%.

The market performance of Whiting Petroleum Corporation (WLL) has varied recently. Year to date Whiting Petroleum Corporation (WLL)’s shares are down -84.20%. Over the past 12 weeks Whiting Petroleum Corporation (WLL) is down -72.32% and over the last 4 weeks Whiting Petroleum Corporation (WLL) is up 73.03%. Whiting Petroleum Corporation (WLL) current income statement shows revenue (ttm) of $1.57B. Gross Profit is $1.06B. This puts the current EBITDA of Whiting Petroleum Corporation (WLL) at $843.02M.

Wall street traders might also notice recent changes to stock analyst estimates for Whiting Petroleum Corporation (WLL). The stock is trading with an RSI (relative strength index) of 58.65 indicating Whiting Petroleum Corporation (WLL) is neither overbought nor oversold. Technically, WLL’s short term support levels are around $90.78, $87.32 and $84.54 on the downside. WLLs short term resistance levels are $103.00, $101.65 and $98.70 on the upside. The market cap of Whiting Petroleum Corporation (WLL) is $115.634M and institutions hold 105.06% of the stock. The outstanding share count stands at 45.71M while the short float (shares short) stands at -.

Market research indicates that these earning estimate changes look to be directly correlated with short-term shares prices. The traders can look to capitalize on the basis of ranking. Whiting Petroleum Corporation (WLL) has short term rating of Neutral (0.20), Intermediate rating of Neutral (-0.19) and long-term rating of Bearish (-0.38) giving Whiting Petroleum Corporation (WLL) an overall rating of Neutral (-0.12).

The EPS growth this year on Whiting Petroleum Corporation (WLL) is decreased -170.90% and is expected to increase 19.80% next year. However, quarterly earnings (EPS) growth year over year on Whiting Petroleum Corporation (WLL) has decreased by -172.80% and quarterly revenue (Sales) growth year over year stands at -19.60%. Gross margin is detected at 79.10% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is -15.30% while return on equity (ttm) is -5.80%.

Recent Developments:

2020-04-24 – Whiting Petroleum Corp – Exit Chapter 11 Within Next 5 Months.
2020-04-01 – Whiting Petroleum Reaches Agreement In Principle With Certain Of Its Noteholders To Pursue Consensual Financial Restructuring.
2020-02-27 – Whiting Petroleum Corp Reports Q4 Adjusted Loss Per Share $0.22.
2019-11-06 – Whiting Petroleum Says Q4 Production To Remain Relatively Flat.
2019-11-05 – Whiting Petroleum Corp Reports Qtrly Adjusted Loss Per Share Of $0.38.

About Company:

Founded in 1980, Denver, CO-based Whiting Petroleum Corporation is an independent energy company engaged in the exploration, development and production of crude oil and natural gas properties in the United States. With majority of its output coming from Bakken play, it holds one of the largest acreage positions in the region. Notably, output growth witnessed a surge in the third-largest U.

Alpha Capital Group aids traders in their journey to acquire funds and reduce financial risks.

London, United Kingdom, March 17th, 2022-

Alpha Capital Group has been set up by traders for the traders. The Company offers funding up to $200,000 with capital growth plans available up to $2,000,000 for traders to show the ability to manage risks, react to the markets and generate profits. The Company provides a technology-enhanced proprietary dashboard that consists of advanced trade & risk analytics, market insights, educational videos, trading strategies, 1-1 mentoring sessions, and custom-built trading technology. The company provides help to the traders and assists them effectively at all levels on their journey to acquire funds and become a trader.

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About Alpha Capital Group:

Alpha Capital Group has been set up by traders for the traders. It provides traders with a great platform that consists of market insights, educational videos, trading strategies, 1-1 mentoring sessions, and custom-built trading technology. They also help traders at all levels on their journey to acquire funds and become a trader.