All joints at their limits ©
 
HomeFAQMemberlistUsergroupsRegisterLog in

Share | 
 

 Money laundering

View previous topic View next topic Go down 
AuthorMessage
be_map1512
Over 100 posts !
Over 100 posts !


Posts : 141
Join date : 2010-11-14

PostSubject: Money laundering   Thu Dec 02, 2010 11:15 pm

Money laundering is generally regarded as the practice of engaging in financial transactions to conceal the identity, source, and/or destination of illegally gained money by which the proceeds of crime are converted into assets which appear to have a legitimate origin. In the United Kingdom the statutory definition is wider[1]. It is common to refer to money legally obtained as "clean", and money illegally obtained as "dirty".

In the past, the term money laundering was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the U.S. Office of the Comptroller of the Currency to mean any financial transaction which generates an asset or a value as the result of an illegal act, which may involve actions such as tax evasion or false accounting. In the UK, it does not even need to involve money, but any economic good. Courts involve money laundering committed by private individuals, drug dealers, businesses, corrupt officials, members of criminal organizations such as the Mafia, and even states.

decorative shower curtains
christmas gourmet gift basket
Back to top Go down
View user profile
 
Money laundering
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» raising money In memory of: Nicholas Courtney
» Some people will do anything for money.
» Help with unusual hedgehog money box
» Money Tree, Pachira aquatica
» Pottery clown money box.

Permissions in this forum:You cannot reply to topics in this forum
Darkanimz :: General :: General Chat-
Jump to: