The History and the Three Stages of Money Laundering (1906 words, 9 pages)
Financial Accounting For Financial Services AssignmentMoney 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 ...
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