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is a process in which an amount of money gained from illegal activities is made to appear as if it is earned from a genuine source.

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MONEY LAUNDERING

According to Wiki pedia.com:

" Money laundering is the process of transforming the proceeds of crime and corruption into ostensibly 'legitimate' assets. ... Some countries define money laundering as obfuscating sources of money, either intentionally or by merely using financial systems or services that do not identify or track sources or destinations. "

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User Renakre
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Answer: Money Laundering

Money laundering is the process in which the money earned or received from illegal sources or illicit activities are shown as money originated from legitimate sources. Money laundering activities are generally done for large amount of money generated from terrorist activities, drug trafficking, smuggling etc. The laundered money is injected in the financial system through banks and other financial institutions by concealing the source. Once the money gets into the financial system, it become white or legitimate.


User Vinnybad
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