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  1. Dictionary
    Mon·ey laun·der·ing

    noun

    • 1. the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses: "he was convicted of money laundering and tax evasion"
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  3. financialcrimeacademy.org › the-history-of-moneyThe History Of Money Laundering: Know The Important Origin Of ...

    Mar 11, 2024 · The history of money laundering itself is probably as old as conducting crimes themselves. According to the historian Sterling Seagrave, more than 2000 years ago, wealthy Chinese merchants laundered their profits because the regional governments banned many forms of commercial trading.

  4. en.wikipedia.org › wiki › Money_launderingMoney laundering - Wikipedia

    Money laundering is the process of illegally concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions.

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  6. oxfordre.com › criminology › displayMoney Laundering: History, Regulations, and Techniques

    The goal of money laundering is to hide the tainted origin of criminal revenue. In this sense, it is a secondary crime that is always connected to another breach of law. These offenses can be different types of theft, trade in illicit goods, as well as other non-violent acts such as tax fraud, bribery, and, nowadays more relevantly, cybercrime.

  7. www.britannica.com › topic › money-launderingMoney laundering | Financial Crime, Risk Mitigation & Detection

    Apr 29, 2024 · Money laundering, the process by which criminals attempt to conceal the illicit origin and ownership of the proceeds of their unlawful activities. By means of money laundering, criminals attempt to transform the proceeds from their crimes into funds of an apparently legal origin.

  8. www.investopedia.com › terms › mWhat Is Money Laundering? - Investopedia

    Apr 11, 2024 · Money laundering is an illegal activity that makes large amounts of money generated by criminal activity, such as drug trafficking or terrorist funding, appear...

  9. www.fincen.gov › history-anti-money-laundering-lawsHistory of Anti-Money Laundering Laws | FinCEN.gov

    History of Anti-Money Laundering Laws. Money laundering is the process of making illegally-gained proceeds (i.e. "dirty money") appear legal (i.e. "clean"). Typically, it involves three steps: placement, layering and integration. First, the illegitimate funds are furtively introduced into the legitimate financial system.

  10. www.afponline.org › docs › default-sourceMoney Laundering: Its history, evolution and deterrents

    3. Why Launder Money? To pay expenses related to their illegal activity. To invest their proceeds in the criminal cycle and boost illegal activity. Eventually, to sustain a luxurious lifestyle. Who Launders Money? Terrorists. Businessmen. Politicians. Drug Dealers. Mercenaries. History of Money Laundering in the USA.

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