Mataracy
VIP Contributor
Sometimes I heard that there are some rich people been arrested for money Laundry and what used to come in to my my mind is that; may be they are carrying the physical money that one can see inside one big bag or portfolio away.
To me Money Laundry means trying to convert the money acquired is an illicite way in to a legal way by transferring the money using foreign bank account.
Money Laundry occurred when some body embezzling money by fraud or through an illegal means and he or she is trying to play save by transferring it in to foreign account so that I will be difficult to trace or detect the movement.
There are many situation that has happened where the perpetrators were detected even after the demised or death of the person.
There are many dubious people in the society who has partook in this attrocity which is very bad and this action do affected the Condition of the nation's negatively.
What does Money Laundry mean to you as a person?
To me Money Laundry means trying to convert the money acquired is an illicite way in to a legal way by transferring the money using foreign bank account.
Money Laundry occurred when some body embezzling money by fraud or through an illegal means and he or she is trying to play save by transferring it in to foreign account so that I will be difficult to trace or detect the movement.
There are many situation that has happened where the perpetrators were detected even after the demised or death of the person.
There are many dubious people in the society who has partook in this attrocity which is very bad and this action do affected the Condition of the nation's negatively.
What does Money Laundry mean to you as a person?