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Money Laundering Wikipedia from upload.wikimedia.org 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 Record management and software filtering It involves putting the money through a series of commercial transactions in order to clean the money.
Financial institutions and businesses also keep detailed records of transactions and implement software that can flag suspicious activity.
Money laundering refers to the process of taking illegally obtained money and making it appear to have come from a legitimate source. Money laundering is carried out through placement in a financial institution carrying out a series of transactions to disguise its original source (layering) and obtaining/using the cleaned money (integration). More news for money laundering process The first is criminalization by the government.
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