How is money laundering happen in india?
How is money laundering happen in india?
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Hardikjaat5
Money Laundering refers to converting illegally earned money into legitimate money. So Money Laundering is a way to hide the illegally acquired money.
In the method of money laundering; money is invested in such a way that even the investigating agencies can’t trace the main source of wealth. The person who manipulates this money is called “launderer”.
Sanjeev
Money Laundering refers to converting illegally earned money into legitimate money. So Money Laundering is a way to hide the illegally acquired money.
In the method of money laundering; money is invested in such a way that even the investigating agencies can’t trace the main source of wealth. The person who manipulates this money is called “launderer”.
Charu
The first stage is the physical disposal of cash. The launderer introduces his illegal profits into the financial system. This placement is accomplished by depositing the cash in domestic banks or in other types of formal or informal financial institutions. The Second stage in money laundering is layering.