What is Money Laundering?

 Money Laundering:

            Money laundering refers to the process of financial transactions. Various laundering techniques can be employed by individuals,groups,officials and corporations. The goal of a money laundering operation is usually to hide either the source or the destination of money.

Definitions:

       Money laundering is the process of changing large amounts of money obtained from crimes, such as  drug trafficking, into origination from a legitimate source.It is a key operation of the underground economy.