2006-08-22 11:15:05 · 5 answers · asked by ? 3 in Entertainment & Music ➔ Polls & Surveys
thought you were poor looking for food
2006-08-22 13:30:50 · answer #1 · answered by Anonymous · 0⤊ 2⤋
Definition of Dirty Monies:
Monies arrise from crime such as robbery, cheating, corruption, drug trafficing/dealing and even terrorist...
Definition of Money Laundering:
Money laundering is the process by which criminals attempt to conceal the true origin and ownership of the proceeds of their criminal activities. If undertaken successfully, it allows them to maintain control over these proceeds and, ultimately, to provide a legitimate cover for their source of income. [British Bankers Association]
Punishment:
Some of the serious offences can fine up to S$200,000 and 7 years jail term in Singapore
2006-08-23 01:23:25 · answer #2 · answered by Simon C 2 · 0⤊ 0⤋
Well, its taking "dirty" money and redistributing it so that when you get it back its untainted...either they aren't marked or in sequential order anymore...things like that...you can go to prison for money laundering...Its a bad idea.....
2006-08-22 18:16:51 · answer #3 · answered by American Girl 4 · 0⤊ 0⤋
Illegally acquiring money through illicit transactions.
2006-08-22 18:27:21 · answer #4 · answered by foxray43 4 · 0⤊ 0⤋
conealing how illegally obtained funds are generated to avoid a transaction reporting requirement under state or federal law.
2006-08-22 18:19:35 · answer #5 · answered by morgan 5 · 0⤊ 0⤋