Wednesday, August 30, 2017

Money Laundering Evolution, Means of Committing and Fight Against

Money Laundering Evolution, Means of Committing and Fight Against

What is Money Laundering?

Money Laundering is a criminal act of misrepresenting illegally obtained money, such as from drug trafficking or terrorism, being obtained from legitimate resources. It is one of the illicit activities through which criminals disguise their original ownership of undeclared money by making proceeds appear to have been derived from lawful sources. It is also one of the methods to avoid tracking or identification of assets or tax assessment so no trouble comes from law enforcing agencies, though these attempts to avoid are also criminal acts.
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