Money Laundering

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Money launderingHow the process works?A brief historyWhat does money laundering means?

Money laundering, at its simplest, is the act of making money that comes from Source A look like it comes from Source B.Origin of the termThe term Laundering money is often said to have originated at the time of the famous american gangsters who used to desguise the money from alcohol and illegal gambling through laundering firms and slot machines.

Corrupt practicesDrug traffickingTheftTax evasionArms trafficking

illegal money

InvestmentsBanks

Clean, taxable income

PunishmentIn Romania if you are cought laundering money you can spend 3-10 years in prison

Reverse money launderyThe opposite of laundering money is when somebody uses clean money to finance illegal activities.

How much money is laundered every year?Since money laundering is a illegal activity we can only estimate the amout of money laundered every yearThe Unitet Nations Office for drugs and crimes had stated in 2012 that the aggregate size of money laundering in the world could be somewhere between 2-5% of the world`s gross domestic productThis is $800 bilion $2 trilionAnti money launderingA set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions.

One of the most notorious money launderes of all time was Pablo Escobar. He owned around $30 billion dollars

Famous casesThank you