What is the Meaning of Money laundering | Definition and What is Money laundering

Money laundering is the action and the effect of bleaching, a verb that relates to action to clean something. The process is to purify or remove stains from something, but can also say or be in a symbolic manner (when trying to erase or clean discredit or blame).
Money, on the other hand, is a medium of Exchange that a company agrees to pay for property, goods, services and obligations. These are coins and banknotes which are used not only as a means of Exchange, but also as an accounting unit.
The concept of money laundering refers to the activity carried out to conceal the origin of the funds having been obtained through illegal activities. The purpose of money laundering is that money appears as the result of legal financial or economic activity.
One who launders money therefore seeks to legitimize the proceeds of drug traffic, corruption, tax evasion, smuggling, sale of weapons or kidnapping, among other activities, so that money can enter and be distributed in the financial system.
When money is the fruit of an illegal activity, it is not declared to Treasury Board or any other agency of the Government because this statement would require to confess his illicit origin. The offender, that there is therefore no justification to explain such revenues or its standard of living, proceeded to wash so the assets fall within the legal system.
There are many techniques used for money-laundering, such as the creation of shell companies (fictitious) or the purchase of goods in money liquid.
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