Money laundering

Money laundering is the process of illegally concealing the origin of money obtained from illicit activities such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds into a seemingly legitimate source, usually through a front organization. As financial crime has become more complex and financial intelligence is more important in combating international crime and terrorism, money laundering has become a prominent political, economic, and legal debate. Most countries implement some anti-money-laundering measures.

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Source: Wikipedia · Image: Wikimedia Commons · CC BY-SA 3.0

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Payments, explained — digital wallets, gateways and merchant tech, plus handy everyday calculators.

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