What is money laundering?

[althaaqib 187]

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.

[Ali zaore 272]

My friend, when talking about money laundering, the issue revolves around illegal money, and this is a process that fraudsters and criminals carry out, and this process takes place as follows: These funds come from an illegal source and in order for it to become legal, they enter it with legitimate business, as an example of that is the construction of a building with a certain amount of these money  And selling it at fictitious prices beyond imagination, then it turns this illegitimate money into legitimacy, or depositing this money in banks. Do not ask about the source of this money and transfer it to other banks. It is a somewhat complicated subject. I hope the idea is sufficiently understood. I wish you success

[Braulio Eurea 720]

Money laundering is understood as converting money obtained fraudulently or through theft or illicit activities into clean money from legal activities. This is the detail, the source of the money, if it is illegal the money is black and if it is a legal source it is clean, white money. What those who work with dirty money do is that they invest it in legal activities, such as buying real estate and thus converting it into legal money, that is, they wash it or launder it.

[Furkan Zengin 62]

It is called laundering of money earned illegally. Legal is shown as money earned through a company or business paying its tax.

[Nesrullah 0]

Kara para aklama, kısaca, devlete vergilendirmeden tüm parayı olduğu gibi almaktır. tabiki bu iyi bir şey değil

[Nupeboy 627]

Yes to me money laundering is illegal money that has been stolen illegally which is used to make roads hotels some are even transfer to banks so they also invest it in buying companies just to make it legal

[Captin 0]

Yes, my friend, you are right my sister that money laundering has begun to reach the world of cryptocurrencies, where illegal money is exploited in investing in cryptocurrencies to achieve legitimate profits that save criminals from the law, and this is a form of fraud as well and must be combated

[scorpiali 5626]

Here is a lot of money laundering in crypto currency and the majority use the crypto currency to laundering the money and change them to a legal money, that's why the majority of platform ask for verification and the users who use this issue don't like those platform 

[Irungu 4299]

This is a simple term and its so powerful , money laundering is the use of system to pass money in oder to avoid any trace, this could be illegal because 100% of those who use this system usually are doing it illegally because there is no country in this world that recognizes money laundering

[Jermany 612]

is a completely illegal activity which consists of disguising the origin of funds that come from illegal activities or of a criminal nature to give them a legal appearance, and somehow introduce that illegally obtained money into the financial system. 

[sabiqalrayan 482]

Dear friend I think money laundering is available in whole world. Whole world try stop money laundering because this is transfer his own country money. Every country say illegal. Money laundering use criminal activity transfer system and its harmful for every country. You give good information money laundering that information is very good to knowledge. Thanks for share this information.

[ulas 399]

Money laundering is to avoid taxing the government. People who earn a lot of money and do not want to tax the government. They usually do this through cryptocurrencies
 

[Mamba79 682]

Money laundering is an operation that consists of making funds or assets obtained through illegal activities appear as the result of legal activities and circulate in the financial system

[Ameralsamt 2558]

Home / Business, Economics and Administrative Sciences / What is money laundering What is money laundering by: Kuttab of lines - Last update: 12:26, January 23, 2020 related The easiest way to wash carpets The history of hookah Financial abundance Many individuals in this world seek to Achieving financial success, and finding financial abundance with the passage of years through the money saving operations that they make from their monthly income, and some individuals are interested in creating an individual financial budget in order to track financial activity and know the amount of financial savings with the passage of months, and after collecting these savings they are invested in Some investment opportunities are available, and here some suspicious investment activities may appear in which money is being saved, and this leads to the concept of money laundering, and the question that arises now: What is money laundering? In this article, the question will be answered: What is money laundering. [1] Advertisement What is money laundering The answer to the question: What is money laundering is one of the illegal economic activities carried out by some individuals associated with criminal activity. Funds Obtaining funds from illegal sources related to criminal activities, so that these funds are subsequently used in legitimate activities, and thus these funds are given legal cover, which allows their owners to benefit from them and reinvest them again, and money laundering operations can take place at the local level or at the level. Moreover, money laundering operations are considered one of the complex financial operations that require knowledge in international financial and legal systems to exploit some of the gaps in them. 

[Mohammadnour 1372]

Hello my friend, thank you for this information. I know that money laundering is that the basis of this money comes from illegal methods, so the person who owns legitimate money carries out a false trade to disguise this money. It came from this trade

[rkb05 115]

This is very informative post .I don't know about money laundering but here many members comment about it .I am just wonder that how it works .

[Nicole018 4548]

Money laundering is an illegal activity which would help the criminals to to escape from certain crimes with the help of people in high positions. Money laundering can happen in any aspect of commercial life even in the financial transfer of funds between people. There are renowned people even supporting money-laundering for the greater good of authorities.

[Mehmood893 0]

Every learning post dear good. This money is illegal process making large amount of money generated by a criminal activity,such as drugs.this money is use for funding of terrorists.

This is dirty process to make money.

Examples structuring, trading in Crypto,cash business laundering money. As criminal use crypto money laundering to hide founds 

[Hasem3 192]

Money laundering is the process of making illicit income a source of money.  Money is laundered through laundering.  It is managed in various genres. For this, all types of genres are formulated and executed

[koynayak 1923]

I read a lot about money laundering and i'll give some examples money laundering with using bitcoin. Laundering money through bitcoin is a bad idea not only because it’s illegal, but also because it leaves a permanent trail. Defendants have repeatedly been undone because they’ve relied on the cryptocurrency for some part of their nefarious activities. Sometimes, they’ve been arrested years after their alleged crimes.

[Abbay4u 573]

Money laundering is an illegal obtained money, stole from public or private establishment and transfer it to the foreign banks or others legitimate business. Majority of those involve in money laundering will stole that money in their country and use it to invest at abroad.

[Asmkwork 414]

I think in my opinion money laundering is a illegal process of transferring money from one country to another country.

[Dormilon 2183]

On 12/9/2020 at 5:02 PM, 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.

@althaaqib Money laundering is nothing more than bringing the money obtained illegally to legality through methods that range from construction of goods to retail in bank deposits, when the mafias manage to obtain money from their criminal actions they need to enter it into the torrent of legal money that countries have, then they can create foundations, construction companies, banks, etc.
Money laundering is very frequent in almost all countries, in some more than others, of course, but none escapes this scourge that grows more and more every day, drug trafficking and terrorist financing are two segments that concern countries and That is why they emphasize these to attack their possible income of money through laundering.

[mzk7736 1592]

Money laundering is actually the transfer of money without showing it to the state. Cryptocurrency can also be used for money laundering in a negative way because transactions to crypto are anonymous and very difficult to to follow.

[Zeshan7736087 287]

When someone don't wants to pay tax to the Government of the specific country then he transfer the money without using any national banking network.  This is called money laundering.