Haven't found the Essay You Want?
For Only $12.90/page

Laundering Essay Topics & Paper Examples

Money Laundering of Meyer Lansky

Money laundering is the in plain language known as cleaning of money. It is a practice that involves specific financial transactions with an objective of concealing identity, source and destination of money. Money laundering or dirty money is called so because it describes the illegal and dirty money that goes through cycle of transaction to come out on the other end as clean money. It is an underground economy operation as it has certain repercussions and many countries deem it illegal. Money laundering in the past was regarded as a financial transaction related to organized crime. Recently, United States has expanded the scope of definition to cover any financial transaction that leads to generation of an asset as a result…