Posted on: 10th Jul, 2010 06:01 am
PLEASE KINDLY GIVE INFORMATION ABOUT MONEY LAUNDRY,CAUSES,EFFECT,PREVENTION ETC.
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[size=9:1dc05c075d][color=Red:1dc05c075d][Email address deleted as per forum rules. Thanks.][/color:1dc05c075d][/size:1dc05c075d]
Hi COGBONNA,
Money laundering is an illegal act through which one makes illegally obtained money appear to be legally obtained. As it is illegal, it's better not to engage in such a thing. As far as I know, the best way to avoid money laundering is the requirement on financial intermediaries to know their customers.
Money laundering is an illegal act through which one makes illegally obtained money appear to be legally obtained. As it is illegal, it's better not to engage in such a thing. As far as I know, the best way to avoid money laundering is the requirement on financial intermediaries to know their customers.