Sign In
Ask Question
Business
Guest
4 January, 05:25
What money laundering means?
+1
Answers (
1
)
Dominique Rocha
4 January, 06:20
0
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.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“What money laundering means? ...”
in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Fires create external costs because they spread from one building to another. if the government wants to reduce the external costs of fires, should it encourage subsidies for sprinkler systems or should they just mandate that everyone have
Answers (1)
What are some various types of corporations?
Answers (1)
What are two main purposefor using repetitiowhen conducting experimentns
Answers (1)
For strong controls over cash receipts, the checks to be deposited should be sent to the treasurer, and the remittance advices should be sent to the accounting department. T/F
Answers (1)
Francine is interested in starting a new financial services company where she will manage the investments of others. she wants to generate her own funding as well as lead the business once it gets started.
Answers (1)
New Questions in Business
Arnell Industries has $35 million in permanent debt outstanding. The firm will pay interest only on this debt. Arnell's marginal tax rate is expected to be 21% for the foreseeable future. a) Suppose Arnell pays interest of 7% per year on its debt.
Answers (1)
List of marketing collateral needed for new territory
Answers (1)
In July 2009, Hungary successfully issued 1 billion euros in bonds. The transaction was managed by Citigroup. Who is the issuer of the bonds? The Hungarian government Hungary Bank Citigroup What type of bonds are these? a. Government bonds b.
Answers (1)
E6-18 (Algo) Inferring Bad Debt Write-Offs and Cash Collections from Customers LO6-2 On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts receivable (amounts in thousands) :
Answers (1)
Dicey Investments, Inc. has a debt/equity ratio of 2.0. If it had no debt, its cost of equity would be 13%, while Its pre-tax cost of debt is 10%.
Answers (2)
Home
»
Business
» What money laundering means?
Sign In
Sign Up
Forgot Password?