Money laundering represents one of the major global issues, and Republic of Croatia is not exempt by it. How money laundering methods evolved over time will be presented in this paper. In order to become more familiar with the concept of money laundering, at the very beginning of the paper we will first of all look at role and nature of money, as well as what money as such represents to the human population. After a short introduction, the very concept of money laundering will be explained, as well as how the development of that process looked throughout history, that is, who and in what way designed the entire process of turning "dirty" money into seemingly "clean" money. The second part of the paper will be dedicated to the stages and methodologies of money laundering, that is, the very topic of this paper. It will present the stages through which the money must pass during the process in order to be "washed", as well as how globally complex the process is. It will also talk about money laundering methodologies, both those that were used at the very beginning of money laundering, as well as recent phenomena, and how they have improved and evolved. National risk assessment of money laundering and terrorist financing in the Republic of Croatia with an action plan to reduce the identified risks will be presented as the basis of the entire paper. It will be necessary to mention international legal frameworks for preventing money laundering, as well as bodies dedicated to the fight against money laundering, such as the Financial Action Task Force (FATF) as one of the most important international organizations dedicated to combating money laundering, then MONEYVAL as a body that evaluates the implementation of anti-money laundering measures within EU member states that are not FATF members. At the end of the paper, we will look back at everything previously presented and try to conclude how money laundering techniques have changed throughout history, and what trends we can expect in the future, as well as to what extent the phenomenon of money laundering is present today, both in the world and in Croatia.