What is money laundering, and who usually does it?

[Starmix]

Money laundering is the process of making illegally obtained money appear to have come from legitimate sources. This is done to hide the origins of the money and avoid legal consequences. Criminals, such as drug traffickers, terrorists, and organized crime groups, are the most common perpetrators of money laundering. However, businesses and individuals can also be involved, sometimes unknowingly. Money laundering is pretty awful – the way it hides criminal activity and hurts so many people. It is so upsetting.

 

[eLdavis]

Unfortunately we have a lot of politicians who are into money laundering either directly or indirectly.

 

[Starmix]

Unfortunately we have a lot of politicians who are into money laundering either directly or indirectly.

The politicians are mostly greedy and they are doing their secret ways to corrupt, but they cannot escape the law. The more they corrupt, the more they will face a jail term.

 

[eLdavis]

True majority of them are just greedy, the only reason they struggled to hold one political position or the other was simply because of their personal pocket.

 

[Starmix]

Yes, they are corrupt and greedy politicians, they never think about their crimes that may send them to eternal fire and jail.

 

[Augusta]

Organized crime groups involved in drug trafficking, human trafficking, arms dealing, and other illegal activities rely heavily on money laundering to disguise their profits.

 

[Starmix]

Money laundering is usually done by big time politicians who have access in stealing money through a Pork Barrel Program for example.