Money Laundering: A Three Step Secret Game

Abstract

This paper describes, theoretically, what money laundering is and how it is done following some partnered activities over time. This paper also looks for electronic money laundering and found some related and predefined functions which are completed using electronic gadgets and the Internet. To give a clear view on money laundering, the author thinks that it is necessary to make it clear first about the characteristics of money laundering, the reasons behind it, and how it creates negative impacts on the business and economy of a country. In most nations, it is a crime and economically developed countries built strong fortress against money launderers but laundering is not stopped. So, this paper tries to discover out what and how the launderers launder and discover inventive ways to form their unlawful cash lawful which the legal authority can not detect. This paper shows the step by step procedures of this globally illegal money whitening activities mostly theoretically.