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•The word“laundry” literallymeans “cleaning”•Metaphorically,

money launderingrefers to “cleaningon money”

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“ Any fnancialtransaction whichgenerates an assetor a value as theresult o an illegalact.”

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Money laundering is the practice of engagingin nancial transactions in order to concealthe identity, source, and/or destination ofmoney, and is a main operation of the

underground economy.  According to Swiss Bank: Money laundering is a process whereby the

origin of funds generated by illegal means is

concealed (drug traicking, gun smuggling,corruption, etc.

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◦ Drug Trafcking

◦ Extortion

◦ Corruption◦ Fraud

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P!"#SS !$ %!&#'(A)&*#+&,

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Money laundering is performedsystematically and clandestinely, making it

diicult to identify e!actly how much moneyis in"ol"ed, what methods are employedand what the magnitude of the problem is.

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-ide# to re$ect the fact that cash is oftenintroduced to the economy "ia commercialconcerns which may knowingly or not knowinglybe part of the laundering scheme, and it is thesewhich ultimately p y pro"e to be the interfacebetween the criminal and the nancial sector

%ove# clearly e!plains that the money laundereruses transfers, sales and purchase of assets, andchanges the shape and si%e of the lump of moneyso as to obfuscate the trail between money andcrime or money and criminal.

+nvest# the criminal spends the money# he/shemay in"est it in assets, or in his/her lifestyles

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*rug *ealers#

&rug dealers usually dealwith large amountsof cash, making it diicult forauthorities to make a paper trail.

'arge amounts of cash raisered $ags.

"+%+&A(S !$ %!&#'(A)&*#+&,

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%osters/,ang memers: 'ike drug dealers, theseindi"iduals (in a group formperform manycash transactions whilemaintaining safe networkso"erseas.

"+%+&A(S !$ %!&#'(A)&*#+&,

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0errorists: Terrorists are big inmoney laundering.

Terrorist acti"itiesmust be nancedotherwise e!plosi"esand other weaponry

would not be anobtainable asset.

"+%+&A(S !$ %!&#'(A)&*#+&,

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 Asence olegislation

#vasion o ta1  +ncrease in 2rofts 0o make lack

money a22ear

 white money  (imited risks o

e12osure

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