Azaland

YoungA wrote: ↑November 29th, 2023, 10:58 am By my own understanding, money laundering is bad due to the wrong/illegal source of the money gotten to be washed clean(going by your own words). The issue goes down to the root/source of the money. Illegal money are usually gained from drugs, emblezzlement, fraud(yahoo commonly) and other crimes which are invested in other legal business. It is the crimes that makes such money dirty. Once the authorities get to know about the source, all assets bought or accounts owned from the dirty money are seized or frozen.

On a second note, money laundering concept is deceptive in nature. This is because a person do use dirty money in legally owned ventures to put a clean front to the public to believe that all monies gotten from such legal business are clean/legal is a blunt form of deception.

Jared wrote: ↑November 29th, 2023, 11:09 am

YoungA wrote: ↑November 29th, 2023, 10:58 am By my own understanding, money laundering is bad due to the wrong/illegal source of the money gotten to be washed clean(going by your own words). The issue goes down to the root/source of the money. Illegal money are usually gained from drugs, emblezzlement, fraud(yahoo commonly) and other crimes which are invested in other legal business. It is the crimes that makes such money dirty. Once the authorities get to know about the source, all assets bought or accounts owned from the dirty money are seized or frozen.

On a second note, money laundering concept is deceptive in nature. This is because a person do use dirty money in legally owned ventures to put a clean front to the public to believe that all monies gotten from such legal business are clean/legal is a blunt form of deception.

Perfect points. This is superb.
Hope the OP appreciates this.