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4 January, 05:25

What money laundering means?

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  1. 4 January, 06:20
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    The definition of money laundering is "to conceal the origins of illegally obtaining money".

    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.
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