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Money laundering is the process of concealing sources of money. If the IRS found out Western Union was trying to cover it's tracks of who sent/received money t
by consonants 13y ago
Money laundering is the process of concealing sources of money. If the IRS found out Western Union was trying to cover it's tracks of who sent/received money they would be investigated immediately. Laundering implies you have something to hide, most likely tax dollars or ill-received profits.
- bobwaycott 13y agoMoney laundering is the process of concealing illegal sources of money.
- consonants 13y agoMoney laundering is the process of concealing sources of money. Period. The act of purposefully laundering legitimate income is criminal.