How Money Laundering Really Works


October 7, 2017

Money laundering is a very serious criminal activity.

Most people have heard of the term money laundering, but many would need a dictionary (or Wikipedia) to actually tell you what it meant.

Relative to how severe a crime it is, money laundering isn’t really that complicated, and is much more prevalent than you might think.

What Money Laundering Is

A criminal has just ‘inherited’ a large amount of money illegally. Simply depositing it into a personal or business account of his will assuredly raise suspicion at his bank. So would not claiming it on his taxes, something that might be difficult to explain to the authorities.

So, what does that criminal do with his dirty money? Clean it, of course.