Which of the following statements best describes the money laundering process? A) Legal money is made illegal. B) Clean money becomes dirty. C) Illegal money is converted to seemingly legal money. D) Cash in; cash out.
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Money laundering is the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to be earned legally. It is essentially the process of cleaning the money to disguise its illegal origin. Show more…
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