Money laundering Money is the main cause for people to engage in almost any type of criminal activity. Money-laundering is the process of concealing the source of illicit funds or “dirty money.’’
Money laundering crimes are fraud and drug trafficking. It is also used to mask a wide array of illegal activity, including but not limited to: human trafficking, embezzlement, cybercrime and tax evasion, notes ACAMS (Association of Certified Anti-Money Laundering Specialists).
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