Money Laundering

01-10-2011 01:42 AM - عدد القراءات : 19950
كتب by Transparency International
The process of concealing the origin, ownership or destination of illegally obtained or dishonest money by hiding it within legitimate economic activities.43

Example in practice
Europe’s largest money laundering operation was discovered in Spain, where an international network was accused in 2005 of laundering € 250 million through real estate investments in the Costa del Sol.The money had been illegally obtained from drug trafficking, prostitution rings, international armstrading, kidnapping, blackmail and tax evasion.
Relevant links
—— The Asia/Pacific Group on Money Laundering.
—— ESAAMLG (Eastern and Southern Africa Anti-Money Laundering Group.
—— European Union: Freedom, Security and Justice Section - Money Laundering.
—— Financial Action Task Force (FATF).
—— IMoLIN (International Money Laundering Information Network).
—— Wolfsberg Anti Money Laundering Principles.
OECD Glossary of Statistical Terms
United Nations Development Programme, Tackling Corruption, Transforming Lives: Accelerating Human Development in the Asia and the Pacific (New Delhi: Macmillan, 2008).