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—-Process of creating an appearance that large amounts ofmoney obtained from serious crimes,such as drug trafficking or terrorist activity, originated from a legitimate source.
Generally money launderers tend to seek out areas in which there is a low risk of detection due to weak or ineffective anti-money laundering programmes. Because the objective of money laundering is to get the illegal funds back to the individual who generated them, launderers usually prefer to move funds through areas with stable financial systems. Money laundering is a threat to the good functioning of a financial system. However, it can also be the Achilles heel for criminal activities….

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