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What is the term for trying to hide the source of money that has been obtained illegally?
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What is the term for trying to hide the source of money that has been obtained?
The term for trying to hide the source of money that has been obtained is money laundering. This involves making illegally obtained money appear as if it comes from a legitimate source.
What is money laundering and conspiracy?
It is a system, where you have money from sales of things like: Drugs, Stolen Merchandise, Firearms etc. You then take this money and "loan" it to someone who has a legal business and you charge them interest. You then get your money back, CLEAN. The process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source. Using various tactics to get money into the financial system that you earned illegally, or failed to pay tax on, in a way that the government doesn't arrest you for tax evasion or a felony in earning the money. You can get the better suggestion from "Law Office of Sebastian Ohanian" & help you in this matter.
How are blood diamonds obtained?
Blood diamonds are illegally taken from diamond mines and traded for weapons or sold for money that is used for terrorism or wars. I have added a link with more information.
What is the purposes of a cash flow statement?
Well first of all cash flow/ cash gifting is illegal because once you go an pay you are getting money from a source that no one really knows. You can be getting it from drugs, printing, or just people are doing something where they are trying to get rid of stolen or illegally earned money.
What is purpose of statement of cash flow?
Well first of all cash flow/ cash gifting is illegal because once you go an pay you are getting money from a source that no one really knows. You can be getting it from drugs, printing, or just people are doing something where they are trying to get rid of stolen or illegally earned money.
Can a bank withheld due to money laundering the beneficiary big amount of money which was wire transfer from your friend in other country?
Banks will do what the courts order them to do, so if a judge has ruled that the money is being illegally laundered, it can be withheld. If this money that your friend is sending you has been obtained by illegal means, that is going to be a problem for you. If, however, it was obtained by legal means, then the charge of money laundering is false and it can be cleared up.
What do you call illegally produced money?
Counterfeit money
What do pirates call their treasure?
Booty was first used in popular English literature: sometime before 1010. It means goods or money obtained illegally
What do you mean by laundering?
Laundering - in relation to textiles - is the act of cleaning materials (clothing, sheets etc) with detergent and water to remove dirt, oil and other contaminants. In relation to crime - it's the process of moving illegally-obtained money through legitimate businesses to make it appear that the money has been obtained legally.
What is conterfeiting?
When you produce money illegally
How do you print paper money?
Illegally.
What did the governor of Illinois do wrong to result in him being possibly impeached?
He is alleged (charged) with illegally trying to sell the appointed senate seat, vacated when Barrack Obama became President, and trying to pocket the money for himself.
