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    lmloulou's Avatar
    lmloulou Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Dec 25, 2003, 01:21 PM
    What is money laundering?
    Please explain what money laundering means.

    Lou Lou
    viking's Avatar
    viking Posts: 131, Reputation: 7
    Junior Member
    		  
    #2

    Apr 15, 2004, 07:22 PM
    Re: Money Laundry
    The phrase is actually "money laundering" and it is a
    Popular term used to describe the process whereby criminals conceal illicitly acquired funds by converting them into seemingly legitimate income. While the term refers to the proceeds of organized crime generally, it is now most often associated with financial activities of drug dealers who seek to launder the large amounts of cash generated from the sale of narcotics.

    So the money comes from illegal or "dirty" activities and the money is therefore "dirty" and the criminals try to clean it by disguising where the money came from, thus, the money is "clean" or laundered.
    Babiker's Avatar
    Babiker Posts: 1, Reputation: 1
    New Member
    		  
    #3

    Mar 14, 2005, 03:20 AM
    Money Laundry
    Dear All, wishing you a fine day.

    What a fine coincidence that this subject is open for discussion, I am writing my Thesis on Money Laundry and would appreciate any assistance available in collecting case studies and documentaries on this issue.

    Thanks .

    Babiker
    lukaa's Avatar
    lukaa Posts: 1, Reputation: 1
    New Member
    		  
    #4

    Aug 23, 2005, 06:53 AM
    Y/ tessis
    I have read your message dated march 05.
    Have you already finished your work?
    I should appreciate your answer because this issue interests me.
    Thanks in advance
    Luis Albisu
    San Sebastian / Spain
    oceanne's Avatar
    oceanne Posts: 1, Reputation: 1
    New Member
    		  
    #5

    Jun 12, 2011, 12:44 AM
    Let others or machines do laundry by providing money
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