What is money laundering, financial abundance, illegal economic activities, it must be noted that the money laundering process may be based
financial abundance
Many individuals in this world seek to achieve financial success, and find financial abundance with the passage of years through the operations of saving money that they make from their monthly income, and some individuals are also interested in creating an individual financial budget in order to track financial activity and know the amount of financial savings with the passage of months, After collecting these savings, they are invested in some of the available investment opportunities, and here some suspicious investment activities may appear in which money is saved, and this leads to the concept of money laundering, and the question that arises now: What is money laundering? In this article, the question will be answered: What is money laundering.
What is money laundering
The answer to the question: What is money laundering is one of the illegal economic activities carried out by some individuals associated with criminal activity, where the process of money laundering includes obtaining funds from illegal sources related to criminal activities so that these funds are later used in legitimate activities, Thus, these funds are given the legal cover, allowing their owners to benefit from them and reinvest them again, and money laundering operations can take place at the local or international level, and money laundering operations are among the complex financial operations that need knowledge in international financial and legal systems to exploit Some holes in it.
In the context of answering the question of what is money laundering, it must be noted that the money laundering process may be based on a group of financial intermediaries who act as a transit bridge that is used to transfer illegal funds into funds of legitimate use, and among the most prominent financial intermediaries: Banks Among the most prominent legitimate activities in which illegal money is used in money laundering operations is the buying and selling of shares , entering the financial market, or using money to buy and resell precious metals. As for transnational money laundering operations, they are usually based On the activities of some multinational companies to transfer funds from one country to another in a legitimate manner.
