How To Stop Money Laundering ?  

          Money laundering is the process of converting dirty money, that is money which arises from illegal means such as drug trafficking or prostitution or tax evasion, or even from highly placed members in large corporations diverting money to their personal accounts, into clean money by using a number of different methods, the most common of which is by using banks, insurance companies and other financial institutions, or by setting up businesses and companies and pump the money there instead.More...

 

 

Examples Of Money Laundering

Examples Of Money Laundering           Money laundering is the process of taking illegally obtained, or “dirty” money and finding ways and means to make it legitimate or clean. Since such dirty money cannot be spent, it is necessary to launder or whitewash that money before you can make any use of it, like invest it, or put it in a bank etc. While money laundering has usually been the department of large criminal organizations, there are several examples of money laundering involving individuals as wellMore...

 

The Effects Of Money Laundering

The Effects Of Money Laundering         The effects of money laundering have not really been studied in great depth, and most of the effects on the country's economy especially are unknown. The most obvious effects of money laundering, however, are on financial institutions, which become a tool used to carry out these procedures to whitewash money, and these effects can be proven to be a direct result of money laundering as well.Most money laundering operations are carried out using legitimate banks, insurance companies etc.

 

What Are The Objectives For Laundering Money ?

What Are The Objectives For Laundering Money         Money laundering is the process of making illegally obtained money appear legal. Basically the process is used by criminals to hide their criminal activities like drug trafficking, illegal arms dealing, terrorism and extortion. The criminals do not want the authorities to know from where the money has originated so they use money laundering as a means of making it appear that the funds originated from a legal and legitimate source.More...

 

Explain The Strategy To Combat Money Laundering

Explain The Strategy To Combat Money Laundering

The United States has an aggressive program to tackle money laundering. Although it is difficult to quantify the effectiveness of the program, there are indications that it is having an impact. Today, it has become more difficult to move ill-gotten money and slowly money laundering organizations are trying to move to other channels to transfer money.More...

 

Crimes A to Z :

 

WelcomeToWelcomeRocketswag

 

 

    
Money laundering and its impact on tax collection - What are the objectives for laundering money ?
 

Money-Laundering-And-Its-Impact-On-Tax-Collection      The main aim of money laundering is to disguise the illegal origin of funds so that it is easy to the money as if it were from a legal source. Usually money laundering involves a series of multiple financial transactions so that the source of the money cannot be traced and criminals can use this money as if it has come for a legitimate source. More..

 


 

 

 
   
Home  • Bankruptcy Law   • Business Law  • Constitution Law • CopyRight Law   • Criminal LawEmployment Law   • Family Law   • Immigration Law   • Legal Dispute      • Malpractice   • Personal Injury   • Real Estate Law   • Tax Law   • Traffic Law   • Trust Law Legal News

Money laundering and its impact on tax collection - What are the objectives for laundering money ? )
Copyright © 2012  Rocketswag.com, All Rights Reserved.