Money laundering
"Dirty money" redirects here. For other uses, see Dirty Money (disambiguation). Money laundering is the act of concealing the transformation of profits from illegal activities and corruption into ostensibly "legitimate" assets. [1] One problem of criminal activities is accounting for the proceeds without raising the suspicion of law enforcement agencies. Considerable time and effort may be put into strategies which enable the safe use of those proceeds without raising unwanted suspicion. Implementing such strategies is generally called money laundering. After money has been suitably laundered or "cleaned", it can be used in the mainstream economy for accumulation of wealth, such as by acquisitions of properties or legitimate businesses, or simply spent. Law enforcement agencies of many jurisdictions have set up sophisticated systems in an effort to detect suspicious transactions or activities, and many have set up international cooperative arrangem...