Let’s say you are a criminal with millions or even billions of dollars, then you must know how money laundering is carried out. If you don’t, then you have one big problem. Transferring large sums of money or carrying suitcases of cash will raise eyebrows. You need to “launder” the money to make the dirty money appear to be clean. By doing so, it can be spent anywhere in the world (say on real estate, luxury yatch, strip clubs) with no questions asked. Fear not, with a little financial detergent, your dirty money can become more or less untraceable. China leads the world in this ancient art. Between 2002 and 2011, $1.08 trillion departed the country illegally despite currency control laws. The laws require people to obtain a permit to exchange more than $50,000 a year worth of yuan into any currency. This is international past time.
Corrupt politicians, drug cartels, alimony deadbeats, nearly everyone is doing it. When it comes to money laundering, there are three main steps of how money laundering is carried out.
Click on the link below to read how money laundering is carried out.
NB: Stories are shared by community members. The article does NOT represent the official view of NaijaWorld and the author is SOLELY RESPONSIBLE for this article
Use The App To Win N1m
Why Is The AK-74 Not As Popular As The AK-47?
What Are The Grammatical Units In English?
Avatar Robot Goes To School For Ill German Boy
Actress Ajai Lycett Reveal Being A Mother At 15 And Raped At 65..full Gist
Babayemi's Supporters Jubilate Over Success Recorded At Party Screening.
Top Ten Scholarships In USA And Canada For Nigerians And Africans
Nigerian Law School Yenagoa Campus. Morning Workout With The Students.
Does This WASSCE Result Stand A Chance In Medicine And Surgery?
UNIABUJA Student Wins N10million In Boomplay Campus Music Star
Gov. Ugwuanyi Inaugurates Multiple Projects In IMT Enugu
African Calculating Prodigy, Thomas Fuller: Heard About Him?
Immigrate To Canada With Or Without IELTS
Sdg: Hon. Sani Sha'aban Will Reduce Poverty Rate In Kaduna.. Sha'aban Ambassador