What Is Money Laundering and What Is Its History?


March 20 2019

Money laundering is a criminal endeavor that’s more pervasive than you might think. According to government sources, between $800 billion and $2 trillion in cash is laundered internationally on an annual basis.

By definition, money laundering is a practice that turns money received illegally into money that is deemed legal. The crime comes from hiding the ill-gotten gains from law enforcement officials in the process, often through intricate and complex financial transactions that flow around the world.