Money laundering is the process of making illegally obtained money appear legitimate. Criminals who earn money from illegal activities such as corruption, drug trafficking, tax evasion, smuggling, fraud, or organized crime cannot openly spend or invest their money without raising suspicion. So, they “launder” it through a series of financial transactions to hide the true source. So, such launders operate money laundering processes to present illegitimate income as legitimate income. We will learn basics on how this process is executed. Let’s proceed through the video below.
Money laundering is the process of making illegally obtained money appear legitimate. Criminals who earn money from illegal activities such as corruption, drug trafficking, tax evasion, smuggling, fraud, or organized crime cannot openly spend or invest their money without raising suspicion. So, they “launder” it through a series of financial transactions to hide the true source. So, such launders operate money laundering processes to present illegitimate income as legitimate income. We will learn basics on how this process is executed. Let’s proceed through the video below.
