Get Define The Money Laundering Pics. Then you use various complex transactions to wash the money clean, so that its source is no longer traceable. Money laundering defined and explained with examples.
Anti Money Laundering Overview Process And History from cdn.corporatefinanceinstitute.com Money laundering defined and explained with examples. The crime of moving money that has been obtained illegally through banks and other businesses to. The money from the criminal activity is considered dirty, and the process launders it to make it look clean.
Then you use various complex transactions to wash the money clean, so that its source is no longer traceable.
Definition/ meaning of money laundering. Some jurisdictions define money laundering such that if the money results from activity which would have been a crime if it had been done in that jurisdiction, then it should be regarded as money laundering, even if it was legal where. Layering aids money laundering because it allows criminals to better conceal the illegal fund source and reintroduce it back to the system as legitimate. It is usually associated with the types of organised crime that generate huge profits in cash, such as trafficking in drugs, weapons and human beings as well as fraud.
