Money Laundering can be described as the process of transforming illegal money into legal money. It is called so because it perfectly describes the washing business-illegal or dirty money is put through a cycle of transactions, or washed, so that it comes out at the other end as legal or clean money.
In other words, the course of illegally obtained funds is obscured through a successions of transfers and deals in order that those same funds can be eventually be made to reappear as legitimate income.
Common Factors of Laundering Operations
There are four factors of Money Laundering Operations, which are as follows:
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