Money laundering

Photo about Washing banknotes in machine, money laundering, financial fraud concept image. Image of banknote, bank, dirty - 178454699

Money laundering, the “cleaning of money” with regard to appearances in law, is the practice of engaging in specific financial transactions in order to conceal the identity, source, and/or destination of money, and is a main operation of underground economy. https://greekshares.com/money-laundering/ #Greek_Shares

Meaning of Money Laundering: When money is obtained from criminal acts such as drug trafficking or illegal gambling, the money is considered “Dirty” in that it may seem suspicious if deposited directly into a bank or other financial institution. What does Money Laundering mean? Definition and Stages. Money laundering is a process used by offenders who attempt to conceal the true origin and ownership of the proceeds; these proceeds are results of criminal activities.

Photo about Washing banknotes in machine, money laundering, financial fraud concept. Image of currency, laundering, profit - 179979473

Money laundering allows large amounts of money generated by a criminal activity appear to have come from a legitimate source.

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[‪‎Infographic‬]: Money Laundering is the process by which criminals conceal the original source of money to make it appear as it's been earned via a legitimate source. Learn more about ‪‎Money Laundering‬ at ‪#‎RMFS14‬: http://bit.ly/Rmfs14

Binance executives, including CEO Changpeng Zhao and chief compliance officer Samuel Lim, have taken legal action against a Nigerian media outlet following allegations of money laundering and other illicit activities. The lawsuit was filed in response to an article published by the media outlet that made damaging claims against the executives. The article accused Zhao and Lim of using their positions at Binance to facilitate money laundering and other financial crimes. It also alleged that…

By Monica Ramirez Chimal Author & Partner of Asserto RSC 2017 Compliance & Ethics Institute Session 304 Many people are misunderstanding money laundering. They think it´s only trigger is drug trafficking and only done in the financial sector. I guess those news stories about banks that used to launder money makes it difficult to understand anything else. […]