Over time, Herman stole $500,000 in cash from his employer. He deposited the cash in small increments into a bank account. He then transferred the funds to an overseas account and proceeded with several added transfers and bogus loans to foreign entities he controlled. Finally, he moved the funds back home, disguising then a profits from investments. Which of the following stages of money laundering was Herman performing when he engaged in transfers and bogus loans to foreign entities?
A.Placement
B. Layering
C. Integration
D. Structuring