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What is money laundering?

What is money laundering?

  • I live in france and I can't open a M&S account in U.K. because of ''money laundering. (which I would like to use when I go back to visit family).

  • Answer:

    To move illegally acquired cash through financial systems so that it appears to be legally acquired.

pampersp... at Yahoo! Answers Visit the source

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It what my wife did last night - washed a pair of my trousers which had a £10 still in the pocket :-(

Mr Ben

The Legal definition of Money laundering is to Transfer funds around in a manner that which when completed Maskes the origen of the funds.

njshoremortgage

Try another bank eg Abbey!

roy d

it is the process of placing DIRTY or illegal funds by placing it in various ways into the banking system then layering it (this means redistributing it eg buying and selling high value items) and then banking the funds again so appearing from a CLEAN source

VEGAS

its where mony from crime is passed through a legitamat sorce to make it clean (to sell a house in the uk now you have to produce your passport etc at the agents )before they will offer it for sale for you!!

g.m

There are millions of French businessmen with accounts in the United Kingdom. You don't need an account to visit your family.

Frank Castle

Give me your money and I will laundry it for you, you don't need to know how its done. Its safer that way, NO comebacks.

biggsy

all the aove

fredojr77

Moving money around in business to avoid paying any tax on it. This occurs very often.

robert s

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