customer due diligence (CDD)

Money

Demystifying Money Laundering: Understanding the Illegal Process of Cleaning Dirty Money

Money laundering, a term often associated with crime and corruption, can seem complex and shrouded in mystery. This article aims to demystify this process by providing a clear and comprehensive understanding of what money laundering is, how it works, why it’s illegal, and its impact on society. What is Money Laundering? In simple terms, money laundering is the process of…