what is money laundering?

 Money laundering is the process of disguising illegally obtained funds as legitimate funds through a series of transactions. The goal of money laundering is to make the proceeds of illegal activities appear to have been obtained from legitimate sources, so that the funds can be used without detection or prosecution.

Money laundering is often accomplished through a series of complex financial transactions, such as wire transfers, shell companies, and offshore accounts, which are used to conceal the origin of the funds and make it difficult for law enforcement to trace the money.

Money laundering is a serious crime and is associated with a wide range of illegal activities, including drug trafficking, organized crime, corruption, and terrorism financing. It undermines the stability of financial systems, contributes to the growth of the informal economy, and erodes public trust in institutions. Governments and financial institutions have implemented anti-money laundering measures to detect and prevent money laundering, but the threat continues to evolve, and the fight against money laundering remains an ongoing challenge.