Topic: Introduction Money Laundering
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Answers to Common Questions
How to Launder Money?
When a person needs to launder money, he has to get it in circulation through a means that would make it legal. To launder money, he might take it to a bank a deposit it in a CD or money market account. He could also use it to buy goods and... Read More »
Source: http://answers.ask.com/Consumer_Electronics/Other/how_to_launder_...
What is Money Laundering?
Money laundering is when illegal money is invested in a legitimate business. This makes the money clean again. This an illegal practice and should not be performed. Read More »
Source: http://answers.ask.com/Society/Government_and_Law/what_is_money_l...
How does Money Laundering Work?
Money laundering works by running money obtained illegally through a legitimate business. It's ran through the books to make it appear as though it was earned through legal channels. To find more information click here: http://www.howstuffw... Read More »
Source: http://answers.ask.com/Business/Finance/how_does_money_laundering...
More Common Questions
Answers to Other Common Questions
The use of creative accounting and offshore bank accounts are characterized under money laundering laws. The spirit of money laundering regulations is that perpetrators cover up the origins and location of their money at any given time. You...
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Source: http://www.ehow.com/how_2153722_report-money-laundering.html
When a credit card is signed for, the signature is monetized; that is turned into money. No actual loan is made. (Under FDIC regulations it is illegal to loan owned assets.) The agreement to pay creates an asset to the issuer of the card. T...
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Source: http://www.ehow.com/how_5501179_suckered-money-laundering-credit-...
Money laundering refers to passing illegally obtained money though a legitimate or legal business to hide the true source of the money. Fraud money laundering is not a known term, but probably is someone referring to laundering funds obtain...
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Source: http://wiki.answers.com/Q/What_is_fraud_money_laundering
The process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source.
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Source: http://wiki.answers.com/Q/What_is_consider_money_laundering
Brain washing? Never mind. But it is punishable for, say, a bank or company to facilitate money laundering or to even suspect money laundering without reporting it to the US department of treasury ageny known as "FINCEN">
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Source: http://wiki.answers.com/Q/What_Punishment_for_money_laundering
Using various tactics to get money into the financial system that you earned illegally, or failed to pay tax on, in a way that the government doesn't arrest you for tax evasion or a felony in earning the money.
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Source: http://wiki.answers.com/Q/What_is_the_Act_of_money_laundering
This is a scam used by the 419 scam artist to get you to pay upfront fees. They claim that it is required by the our government or the United Nation before large amounts of money can be transferred. This couldint be furthur from the truth. ...
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Source: http://wiki.answers.com/Q/What_is_a_money_laundering_certificate
