Money laundering
Process of concealing the origin of money
📊 Rating
3 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Justice (2)
- Politics (1)
- Corruption (1)
- Finance (1)
- Compliance (1)
- Financial Crimes (1)
- Political Connections (1)
- Investigations (1)
- Transparency (1)
🏷️ Keywords
Jeffrey Epstein (3) · Money Laundering (3) · Jack Lang (1) · France (1) · Tax Fraud (1) · Paris Prosecutors (1) · UBS (1) · Ghislaine Maxwell (1) · Wealth Management (1) · Banking Scandal (1) · Compliance (1) · Peter Mandelson (1) · Financial Transactions (1) · Investigations (1) · High-Profile Connections (1) · Transparency (1) · Authenticity (1)
📖 Key Information
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds into a seemingly legitimate source, usually through a front organization. Money laundering is ipso facto illegal; the acts generating the money almost always are themselves criminal in some way (for if not, the money would not need to be laundered). As financial crime has become more complex and financial intelligence is more important in combating international crime and terrorism, money laundering has become a prominent political, economic, and legal debate.
📰 Related News (3)
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🇺🇸 France investigates ex-minister Jack Lang over Epstein links
The socialist grandee and his daughter are being investigated for suspected "laundering of tax-fraud proceeds"....
- 🇺🇸 UBS banked Ghislaine Maxwell for years, moving her money after Epstein’s arrest
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🇺🇸 Epstein sent $75,000 to accounts linked to Mandelson, files suggest
Lord Mandelson says he has no record or recollection of receiving the sums and does not know if the documents are authentic....
🔗 Entity Intersection Graph
People and organizations frequently mentioned alongside Money laundering:
- 👤 Jeffrey Epstein (3 shared articles)
- 🌐 Wealth management (1 shared articles)
- 👤 Ghislaine Maxwell (1 shared articles)
- 🏢 UBS (1 shared articles)
- 🌐 France (1 shared articles)
- 👤 Jack Lang (1 shared articles)
- 🌐 Tax evasion (1 shared articles)
- 🌐 Investigation (1 shared articles)
- 👤 Peter Mandelson (1 shared articles)