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  1. Dictionary
    money laundering

    noun

    • 1. the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses: "he was convicted of money laundering and tax evasion"

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  2. www.investopedia.com › terms › mWhat Is Money Laundering? - Investopedia

    Apr 11, 2024 · Money laundering is an illegal activity that makes dirty money look clean by injecting it into the legitimate financial system. Learn how money laundering works, what are the types of transactions, and how it is prevented by global efforts and laws.

  3. en.wikipedia.org › wiki › Money_launderingMoney laundering - Wikipedia

    Money laundering is the process of illegally concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime .

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  5. www.fincen.gov › what-money-launderingWhat is money laundering? | FinCEN.gov

    Money laundering is the process of disguising financial assets derived from illegal activities to make them appear legal. It supports criminal enterprises and undermines the integrity of financial systems.

  6. legaldictionary.net › money-launderingMoney Laundering - Definition, Examples, Meaning, and Cases

    Feb 3, 2015 · Money laundering is a term used to describe a scheme in which criminals try to disguise the identity, original ownership, and destination of money that they have obtained through criminal conduct. The laundering is done with the intention of making it seem that the proceeds have come from a legitimate source.

  7. www.britannica.com › topic › money-launderingMoney laundering | Financial Crime, Risk Mitigation & Detection

    Jul 4, 2024 · Money laundering is the process by which criminals attempt to conceal the illicit origin and ownership of the proceeds of their unlawful activities. It involves three stages: placement, layering, and integration, and various mechanisms and instruments, such as banks, casinos, and real estate.

  8. www.diligent.com › resources › blogWhat is money laundering? Definition, examples, & prevention

    Mar 21, 2024 · Money laundering is the process of cleaning money obtained illegally to erase its connection to criminal activity. Learn how money launderers use banks, businesses, real estate and other methods, and how to prevent money laundering with AML regulations and compliance.

  9. www.financestrategists.com › banking › money-launderingMoney Laundering | Definition, Main Steps, and Misconceptions

    Jan 29, 2024 · Money laundering is the process of making illegally earned money appear to be “clean,” often through complex bank transfers and transactions. How often does Money Laundering occur? An estimated 3-5% of global GDP are actually money laundering transactions.