In simple words we can say that "CONVERTING BLACK MONEY INTO WHITE MONEY THROUGH ILLEGAL MEANS" is known as Money Laundering.''
"Laundering" means "cleaning "
MONEY LAUNDERING CAN TAKE PLACE THROUGH:
💥Banks
💥Financial Institutions
💥insurance Companies
💥Lawyers & Accountants
⚓MONEY LAUNDERING INCLUDES:-
💥Drug Trafficking
💥Extortion
💥Corruption
💥Fraud
HOW DOES IT WORK?
•Open a restaurant.
•Deposit proceeds from ongoing drug business along with proceeds from the restaurant every month into a bank account. Don't add too much illegal money; just enough to make it look as your restaurant is doing a good, healthy business.
•Pay all of your taxes on the restaurant incomes, so the tax authorities don't start an investigation. 😂
📌ORGANIZATION CONTINOUSLY FIGHTING FOR MONEY LAUNDERING:-
💥United Nations.
💥IMF
💥World Bank.
-Shared by Shristi
"Laundering" means "cleaning "
MONEY LAUNDERING CAN TAKE PLACE THROUGH:
💥Banks
💥Financial Institutions
💥insurance Companies
💥Lawyers & Accountants
⚓MONEY LAUNDERING INCLUDES:-
💥Drug Trafficking
💥Extortion
💥Corruption
💥Fraud
HOW DOES IT WORK?
•Open a restaurant.
•Deposit proceeds from ongoing drug business along with proceeds from the restaurant every month into a bank account. Don't add too much illegal money; just enough to make it look as your restaurant is doing a good, healthy business.
•Pay all of your taxes on the restaurant incomes, so the tax authorities don't start an investigation. 😂
📌ORGANIZATION CONTINOUSLY FIGHTING FOR MONEY LAUNDERING:-
💥United Nations.
💥IMF
💥World Bank.
-Shared by Shristi