Dirty Money! Part 1-What is Money Laundering?

Money laundering is a significant issue affecting various sectors, not just criminals. It involves concealing the origins of illegally obtained money to make it appear legitimate. Criminals use this process to avoid detection and protect their funds from being seized. The video explains the reasons behind money laundering, such as tax evasion and corruption, and highlights the importance of understanding this process to prevent illegal activities.

What is the primary purpose of money laundering?

How does money laundering help criminals conceal their activities?

Why do criminals need to launder money?

What are some illegal activities that generate funds requiring laundering?

Explain the two main reasons why criminals launder money.