Introduction To Money Laundering

For any country or law enforcement agency, one of the most challenging and troublesome tasks is to keep a check on illegal activities. Over time, criminals have come with sophisticated ways to hide their tracks and appear squeaky clean from the outside. Due to this, laundered money becomes very difficult to track and also gives rise to funding and capital for many other crimes and criminal activities.

What is money laundering?
Money laundering, in simple terms, is the process of transforming profits and money obtained from illegal activities to appear as legitimate assets. Most red flags for criminal activities is the transfer/deposit of huge sums of money. This definitely raises eyebrows and questions putting the criminals under the radar. Due to this, they make use of money laundering to avoid any suspicion and tend to appear fully legal to the agencies.