What is Money Laundering?

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Money laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.

Money laundering involves disguising the origins of illegally obtained money by passing it through a complex sequence of banking transfers or commercial transactions.
The purpose of money laundering is to make the money appear as if it comes from a legitimate source, thus avoiding suspicion and detection by authorities.
Examples of money laundering include purchasing expensive assets like real estate or luxury goods with illegally obtained funds, then selling them to convert the assets back into clean money.
Money laundering is a serious crime that can have severe legal consequences for those involved.

What is Money Laundering?

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