Thursday, 9 January 2020

What is Money Laundering? - Dhananjay Choudhary Lawyer Expert


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This money is being withdrawn; then also it will be shown as it is from the legal sources only.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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What is Money Laundering? - Dhananjay Choudhary Lawyer Expert

When a large amount of money is being earned by illegal methods like funding the terrorist activities, getting from illegal drugs or any ...