Money laundering is the criminal act of making it seem that money obtained illegally was actually obtained by lawful means. For example, let's say...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
Money laundering is the term given to attempts to make the proceeds of crime appear respectable. It covers any activity by which the apparent source and ownership of money representing the proceeds of income are changed so that the money appears to have been obtained legitimately. 多...
Casinos and other forms of gambling provide a channel for Money Laundering. Stakes or chips bought with illicit cash can be converted into legitimate gambling winnings. For example, launderers can purchase chips at a casino in cash. While redemption, they can take it back through a bank transfer...
with the relevant taxation applying. That said, a parliamentary actpassedin June 2014 also defined cryptocurrencies as 'money service businesses' for the purposes of updating anti-laundering laws, while the Canadian Securities Administrators (CSA)announcedin August 2017 that "many" ICOs "involve sales...