When a large amount of
money is being earned by illegal methods like funding the terrorist activities,
getting from illegal drugs or any other illegal source, this money is termed as
illegal money.
How money is not tracked?
It is made possible by
transferring the money from various channels, and it will become difficult to
trace that from where the money is coming. This will mislead the origin of the
money and is shown as it is from the legal source only.
The main objective of
doing this process is to hide the identity of the party who originally
initiated the transaction, called the launderer. After moving from one place to
another, it ultimately comes back to the launderer.
With the digitization of
money, it has become easy for criminals to do the money laundering without any
hassles. Through online, they can transfer the money from one account to
another without even coming into their notice.
This money is being withdrawn;
then also it will be shown as it is from the legal sources only. Nowadays money
laundering is done at the international level to provide funds and great support for the terrorist.
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