Money laundering is defined as any financial transaction involving assets from an illegal act in order to conceal the asset's illegal origin. It involves disguising illegally obtained money, such as from drug trafficking, extortion, corruption or fraud, to make it appear legitimate. The objective of money laundering is to integrate illegal proceeds into the financial system undetected by placing funds through multiple transactions across different jurisdictions.
Money laundering is defined as any financial transaction involving assets from an illegal act in order to conceal the asset's illegal origin. It involves disguising illegally obtained money, such as from drug trafficking, extortion, corruption or fraud, to make it appear legitimate. The objective of money laundering is to integrate illegal proceeds into the financial system undetected by placing funds through multiple transactions across different jurisdictions.
Money laundering is defined as any financial transaction involving assets from an illegal act in order to conceal the asset's illegal origin. It involves disguising illegally obtained money, such as from drug trafficking, extortion, corruption or fraud, to make it appear legitimate. The objective of money laundering is to integrate illegal proceeds into the financial system undetected by placing funds through multiple transactions across different jurisdictions.
An 1 , Finante si banci , grupa 4 Main ideas: • Definition of money laundering • What money laundering includes? • History of money laundering • Objective of money laundering Definition: • Money laundering is any financial transaction witch generates an asset or a value as the result of an illegal act.
• Metaphorically, money laundering referes to cleaning ”dirty money”.
Money laundering includes: • Drug trafficking • Extortion • Corruption • Fraud History of Money Laundering • Money laundering as a crime only attracted interes in 1980s, ask Description essentialy whitin a drug traffiking context. • Money laundering metods become more creative since the 1989 and Step 2 Title 1993. • Terrorist finacing, altough only one aspect of money laundering , has become a critical concern following Step 3 Title the events of September 11 , 2001. Objective of money laundering The main objective of money launderers are those to place their founds in the financial sistem whitout arousing suspicion. After a series of complete transactions crossing multiple jurisdictions so that is become hard to find their original source.