How criminals wash dirty money to make it look legal
In short: Money laundering is the process of cleaning illegally obtained funds so they can be used within the legal economy. This video explores how this ancient practice works to hide criminal origins.
Money laundering involves any process that attempts to mask the 'dirty' origins of funds, effectively integrating them into the legitimate financial system. This practice is described as being nearly as old as money itself.
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Sources
- Summary by Intellect · source: How does money laundering work? - Delena D. Spann
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