View Laundering". Images. To make (illegally obtained money) appear lawfully obtained or legitimate, especially by transferring it through legitimate accounts or businesses. This process has devastating social consequences.
Money Laundering Is A Real Issue In Tech Here S What Is Being Done To Stop It Techrepublic from www.techrepublic.com See full list on investopedia.com To wash, fold, and iron: Money laundering involves disguising financial assets so they can be used without detection of the illegal activity that produced them.
Layering conceals the source of the money through a series of transactions and bookkeeping tricks.
How does money get laundered? Criminals need a way to deposit the money in legitimate financial institutions, yet they can only do so if it appears to come from legitimate sources. Placement puts the dirty money into the legitimate financial system. Governments around the world have stepped up their efforts to combat money laundering in recent decades, with regulations that require financial institutions to put systems in place to detect and report suspicious activity.
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