Discover and read the best of Twitter Threads about #3LOD
Most recents (1)
MONEY LAUNDERING is real, it is an emerging risk, don't be a victim.
It is the process of legitimatizing unclean money by introducing into a valid & trusted system.
The intention is to mystify the origin and 'clean' the money for legal business transactions.
Cc @yinkanubi
It is the process of legitimatizing unclean money by introducing into a valid & trusted system.
The intention is to mystify the origin and 'clean' the money for legal business transactions.
Cc @yinkanubi
The origin of the money is ILLEGAL.
The owner of such then looks for a way to make it LEGAL - that's the cleaning process - by introducing it into a trusted system.
Often, once the money gets into the system they look for a way to get it out and fast. NEVER LEFT FOR LONG!
The owner of such then looks for a way to make it LEGAL - that's the cleaning process - by introducing it into a trusted system.
Often, once the money gets into the system they look for a way to get it out and fast. NEVER LEFT FOR LONG!
Then they use the money to start a business however MONEY LAUNDERING KILLS BUSINESSES.
How?
They sell cheaper and make a mess of competitors.
How?
Since they didn't do any real and legitimate business, they have no overheads or much of the variables real businesses consider.
How?
They sell cheaper and make a mess of competitors.
How?
Since they didn't do any real and legitimate business, they have no overheads or much of the variables real businesses consider.
