What is Money laundering?
@ko31024 (492)
Ulaanbaatar, Mongolia
August 30, 2016 6:29am CST
What is Money laundering?
i really don't understand fully that what does money laundering meaning ?
like how it works?
i just think hiding the money you make from illegal activities ?
am i right? could somebody tell me and explain to me briefly and others who might not know about that too.
2 people like this
3 responses
@egdcltd (12059)
•
30 Aug 16
Money laundering is taking money from illegal activities and putting it through legitimate businesses (ones that have a lot of cash income but little stock are good), so that it becomes legal money that can be used without people asking awkward questions about where it came from.
2 people like this
@ModernDayWriter (3318)
• New Delhi, India
30 Aug 16
Black money converting into white money, process is called money laundering
1 person likes this
@ko31024 (492)
• Ulaanbaatar, Mongolia
30 Aug 16
Yeah that's very briefly explaining thanks for that too :)
