money laundering
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Words: 1844
Pages: 7
(approximately 235 words/page)
Pages: 7
(approximately 235 words/page)
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Money Laundering
The word money laundering, according to the myth, is derived from Al Capone's
practice of using a string of coin-operated launderettes in Chicago to disguise
his revenues from gambling, prostitution and protection rackets. It's a nice
story but not true, money laundering is so called because it perfectly describes
the process of removing the stains and smells which money acquires when
criminals earn it.
In this report I will go on to discuss
showed first 75 words of 1844 total
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showed first 75 words of 1844 total
showed last 75 words of 1844 total
clearly becomes a haven for drug barons and crime bosses, where they can launder millions and escape prosecution. The world's third largest industry continues to grow rapidly and uncontrollably. Factors that affect this growth are the increasing emerging technologies, international barriers being removed, improved communications networks and last but not least individual/organisational greed that allows blind eyes to be turned in order to keep revenue coming in. Bibliography Bibliography Dirty Money William C. Gilmore
clearly becomes a haven for drug barons and crime bosses, where they can launder millions and escape prosecution. The world's third largest industry continues to grow rapidly and uncontrollably. Factors that affect this growth are the increasing emerging technologies, international barriers being removed, improved communications networks and last but not least individual/organisational greed that allows blind eyes to be turned in order to keep revenue coming in. Bibliography Bibliography Dirty Money William C. Gilmore