View Money Laundering Definition Gif. What is the exact meaning of money laundering? It is a crime in many jurisdictions with varying definitions.
PPT - THE FIGHT AGAINST MONEY LAUNDERING PowerPoint ... from image.slideserve.com What is the exact meaning of money laundering? In us law it is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally ga. Money laundering is the processing of these criminal proceeds to disguise their illegal origin.
Through money laundering, the criminal transforms the monetary proceeds derived from criminal activity into funds with an apparently legal source.
By passing money through complex transfers and transactions, or through a series of businesses, the money is cleaned of its illegitimate origin and made to appear as legitimate business profits It is a key operation of the underground economy. It is a worldwide problem, with approximately $300 billion going through the process annually in the united states. Money laundering facilitates a broad range of serious underlying criminal offenses and ultimately threatens the integrity of the financial system.
