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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
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!
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.
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