Understanding Money Laundering (1548 words, 5 pages)
Money LaunderingMoney LaunderingThe word money laundering, according to the myth, is derived from Al Capone'spractice of using a string of coin-operated launderettes in Chicago to disguisehis revenues from gambling, prostitution and protection rackets. It's a nicestory but not true, money laundering is so called because it perfectly describesthe process of ...
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