Final answer:
Money laundering and embezzlement are both forms of financial crimes, but they involve different activities. Money laundering disguises the illegal source of money, while embezzlement involves misappropriating entrusted funds for personal gain.
Step-by-step explanation:
Money laundering and embezzlement are both forms of financial crimes, but they involve different activities. Money laundering is the process of making illicitly-obtained money appear legitimate by concealing its true source. An example of money laundering could be a person using a chain of shell companies to transfer money from illegal activities and then disguising it as income from a legitimate business.
On the other hand, embezzlement refers to the act of misappropriating funds entrusted to someone's care. It involves a person who has been entrusted with assets or money misusing it for personal gain. An example of embezzlement would be an accountant diverting company funds into their personal bank account.