Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z 

Money laundering

Money laundering Definition

Money laundering is the practice of engaging in financial transactions in order to conceal the identities, sources and destinations of the money in question. In the past, the term "money laundering" was applied only to financial transactions related to otherwise criminal activity. Today its definition is often expanded by government regulators, such as the SEC, to encompass any financial transaction which is not transparent based on law. As a result, the illegal activity of money laundering is now commonly practised by average individuals, small and large business, corrupt officials, and members of organized crime, such as drug dealers or Mafia members.





Submit a Definition



Ask a Question

Learn the famous formula for money-making, based upon the THIRTEEN PROVEN STEPS TO RICHES! Get your FREE Copy & Instant Access to Think and Grow Rich by Napoleon Hill just by signing up.
 
   
Newsletter cover
Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z