What is money laundering?

[Arslan Ch 2163]

It is the the money that someone generate through illegal means and also by tax avoidance and then try to cover it with legally to save it.It is a fraudulent money that made through criminal activities so there is no acceptance for it in any country's law.Thats all I know about the Money laundering.

[Zohaibkhizer 466]

Money laundering is the illegal proccess of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercials transactions 

[abdullah313 22]

I believe that any bad or forbidden transaction in which money is used is money laundering.
But with regard to money laundering with cryptocurrencies, I have not heard of this term if it also applies to dealing in cryptocurrencies.

[Ghufran Ali 296]

Money laundering is a illegal prosses of making money. If you not pay your tax that slect by the government then you're making money laundering.it is a way of illegal activity for  making money.money laundering is avoid from taxing to government.

[azdasher saker 19]

Exactly my friend, you have given a good definition of money laundering ... I think the idea of it is to convert illegal money into legitimate money in the eyes of the responsible authorities, by engaging them in legal investments.

[godislovefll 1880]

A good topic to discuss, because of these people who commit crimes and use money illegally is that many fear the use of cryptocurrencies as money laundering since they do not require personal information therefore cryptocurrencies can be used for these purposes giving it a bad use and negative popularity.

[yulitzacalvete 1366]

I think that the most accurate term is to say that money laundering is especially when money is used for harmful purposes or that are not legal, according to the laws of a government, so using the stolen money can be the easiest way to identify them because they don't know the origin.

[samtamer 128]

A common method of money laundering is called stunting or structuring, in which the criminal divides a large amount of cash into several small deposits, often in different accounts, in order to avoid tracking and discovering the funds.

Money may also be laundered by exchange firms or wire transfers, or cash smuggled across borders, and then deposited in foreign accounts where money laundering procedures are easier.

[Salena 338]

On 12/10/2020 at 2:02 AM, althaaqib said:

There is no agreement on defining money laundering, which has led to a diversity of its concepts, and it is possible to define money laundering as the use of illegal money by investing it in legitimate commercial operations. Their own financial movements where these funds are obtained by committing a crime or a group of crimes. Another definition of money laundering is the transfer. Transfer of money derived from crimes, in order to help the people involved in these crimes to escape the law.
The spread of the term money laundering is due largely to the United States of America with the emergence of institutions associated with this type of crime, as these institutions have been interested in monetary operations based on mixing illicit money with legitimate money, which leads to its transfer to laundered money, that is, of legitimate source, especially When banks in Switzerland agreed to deposit operations for German and Italian funds, these funds belonged to the European central banks that Italy and Germany occupied during the war.

Dude i think money laundering is the money that we earn illegally and invest that money in other projects and then convert it in legal money and money lundering is a crime

[Roisein Ruby 234]

On 10/12/2020 at 2:02 AM, althaaqib said:

There is no agreement on defining money laundering, which has led to a diversity of its concepts, and it is possible to define money laundering as the use of illegal money by investing it in legitimate commercial operations. Their own financial movements where these funds are obtained by committing a crime or a group of crimes. Another definition of money laundering is the transfer. Transfer of money derived from crimes, in order to help the people involved in these crimes to escape the law.
The spread of the term money laundering is due largely to the United States of America with the emergence of institutions associated with this type of crime, as these institutions have been interested in monetary operations based on mixing illicit money with legitimate money, which leads to its transfer to laundered money, that is, of legitimate source, especially When banks in Switzerland agreed to deposit operations for German and Italian funds, these funds belonged to the European central banks that Italy and Germany occupied during the war.

Yes dude money laundering is somehow getting money by unfair means and stealing them and and making your capital by theft,it is a  crime thank you for your post for the detailed description of it

[Duddi01 401]

Dear mate your post is very good and money laundering is the illegal money that has been stolen illegally and which are used to make roads and hotels etc and money laundering is a crime so to avoid from this. 

[Tariq Mahmood 32]

This is  very  informative post.I think that  money  laundering is that the basis ofthis money comes from illegal methods, who owns legitimate money carries out a false  trade to disguise this money. 

[Abdulbari 38]

The transfer of money by the violence of country and bank this could happening by I'll legeal ways and there having not a well defined definition of money Landry . This could also be us through the fake bank account's.

[RoyalHouse01 9]

You have explained the laundering system with the complete details and now with the help of the cryptocurrencies it is more easy to send money out of the country without any restrictions.

[Mecalum 421]

Dear friend money laundering is the illegal money and you stole it illegally which is used for making banks, hotels and roads etc and money laundering is a crime so to avoid it.

[Dairymilk 84]

Truly,  you are correct dear, that tax evasion has started to arrive at the universe of digital currencies, where illicit cash is misused in putting resources into digital currencies to accomplish real benefits that save lawbreakers from the law, and this is a type of misrepresentation too and should be fought. 

[Amily john 73]

Dear friend money laundering is a illega work people's who don't want to pay tex they illegal send their money to other countries and invest their money to companies or in any kind of business and through this process they change their black money into white money .

[Malik9532 1276]

Thanks for sharing your knowledge with us after reading your post i understand that what is money laundering . Where people use money laundering and why it is use once again i am thankful to you for creating this topic .

[Ghadrov 0]

Thank you for this information, I think that there are many members with us who do not know the meaning of money laundering, and money laundering is known in another way, which is to add the legal and legitimate status of money that was obtained illegally; In order to conceal the original nature of this money or its true source, which is mostly from the drug trade

[Al jareh 1192]

Actually, I don't like laundering money because I think it will bring a lot of problems. So I always recommend working for a fee. And so we will remain safe, my friend.

[Mhmmad1 1121]

Thank you dear friend for this good information we can through this knowledge of the concept of washing lamol and answer the questions you ask with confidence and not fear of an answer.

[Hamza Ahmad 510]

Money laundering is an illegal process of concealing the assets of illegally obtained funds by passing them through a complex series of bank transfers or business transactions

[Amelia1971 1338]

It is best to monitor potentially suspicious blockchain transactions.The transparent nature of cryptocurrency transactions puts this financial structure in an advantageous position when it comes to investigating illicit activities such as money laundering, cryptocurrency fund flows are highly traceable, unlike of traditional money that once lost cannot be traceable.

[usman choudhry 45]

Money earned through illegal process is known as money laundering its is also known as black money earend through drugs dealing . organ smuggling and the money of tax that most of us don't pay is alos known as money laundering 

[Ses93 1624]

Money laundering is an illegal way to use money, as it is illegal money that was obtained in ways that violate the laws, and nothing will make it permissible, and people who do so must be punished.