Money Laundering

Money laundering is the illegal process of making large amounts of money generated by criminal activity appear to come from a legitimate source or sources. Money from criminal activity, such as drug trafficking or terrorist funding, is considered dirty, and this process “launders” it to make it look clean.
Money laundering is a serious financial crime that is used by both white collar and street criminals alike. Most financial companies have anti-money laundering (AML) policies in place to detect and prevent this activity.