what does money laundry means?

Answer 1

washing money

Answer 2

Money laundering refers to the process of concealing financial transactions. Various laundering techniques can be employed by individuals, groups, officials and corporations. The goal of a money laundering operation is usually to hide either the source or the destination of money.

Perhaps the best way to understand the concept is to take a look at some common examples. Suppose, for example, that an employee was stealing large sums of cash from her employer without getting caught. If she was to make large deposits into her bank account, some regulator (or computer program) might notice the unusually large deposits, thereby increasing the chances of getting caught. To launder the money, the criminal might simply use the cash to make purchases and then resell the items in a legitimate market. The revenue gained from these sales is 'cleaner' and the criminal is drawing less attention to herself.

The example provided above is a particularly simple example that involves a non-cash step; actual money laundering operations are often complex assortments of various transactions. The term 'money laundering' is typically used to refer to any financial transaction that is not kept transparent. Needless to say, the practice is illegal and large penalties, fines or imprisonment may ensue.

Answer 3

Deleting any information where a sum of money came from or its source, by making transfer through many banks and other
monetary organisations so that the Good guys will never catch you!

Answer 4

money laundering is to take dirty money ( money you can't report to the IRS and produce loans w/ fake reciets that you don't have to pay back that you can report to the IRS. If you spend dirty money ($5000 or over) it automaticly gets reported to the Irs and unless you can prove a legitamate source for this money and didn't claim it you can go to prison for tax evasion (that's how they got al capone) by laundering it private companies (organized crime) can take a cut and give you a fake loan that can be reported to the Irs and allow you to spend your ilbegotten gains.

Answer 5

Loads of hard work!!! You have to hand wash the notes in vanish and luke warm water then carefully wring them out and hang them up in a dry ,warm place. Oh and Ironing 20 quid notes is a real bu**er !!! They really retain the creases!!

Answer 6

I think it means when you take illegally acquired money and run it through a legitimate business that report it as profit so the money is "clean"

Answer 7

do you mean laundering money?

hiding or concealing money related to criminal activity

Answer 8

its criminal speak.... so that money made from illegal activities cant be traced