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What money laundering means?

User Rishiag
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1 Answer

5 votes

Answer:

The definition of money laundering is "to conceal the origins of illegally obtaining money".

Step-by-step explanation:

Most of the time the way in which the money is concealed is by stating it was a foreign bank transfer/business or that they recieved [earned] the money through legitimate ways.

So they basically obtain money illegally and hide/lie where they got it from.

User Vidhyanand
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