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what is Money laundering 61 words essay and examples in simple words

Money laundering refers to the illegal process of disguising the origins, ownership, or control of money gained through criminal activities in order to make it appear legitimate. This is done through various methods, such as funneling the money through legitimate businesses, using shell companies, or transferring it to offshore accounts. For example, drug traffickers might launder their profits by investing in real estate or creating fake invoices for a legitimate business. Money laundering is a serious crime that allows criminals to enjoy the proceeds of their illegal activities without being caught.