BUSINESS ADMINISTRATION IN INDIA

Strength for Today and Bright Hope for Tomorrow

ISSN 2690-1749

Volume 1:10 September 2020

Managing Editor and Publisher: M. S. Thirumalai, Ph.D.



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M. S. Thirumalai

Publisher: M. S. Thirumalai, Ph.D.
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Introducing a Book:

Money Laundering
Authored by Janwe Ronzo

M. S. Thirumalai, Ph.D.


MONEY
Courtesy:
https://www.amazon.com

Google Search presents the following definition of the phrase/word money laundering: “the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses.”

https://dictionary.cambridge.org/us/dictionary/english/money-laundering describes money laundering as follows: “the crime of moving money that has been obtained illegally through banks and other businesses to make it seem as if the money has been obtained legally.”

Wikipedia https://en.wikipedia.org/wiki/Money_laundering presents a vivid picture: “Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions. The overall scheme of this process returns the "clean" money to the launderer in an obscure and indirect way.”


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M. S. Thirumalai, Ph.D.
msthirumalai2@gmail.com

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