Quote Originally Posted by Offshore-Wealth.com View Post
Interesting,

So from your statement I see you have no clue what money laundering is. Do a search on subject and learn more before you make assumptions that this is not a criminal act, as in fraud, as in felony fraud. This is one of the most serious of all charges involving money next to holding up a bank with a gun, yet some seem to think it is merely taking money from a piggybank. LOL



Money laundering is a process in which assets obtained or generated by criminal activity are moved or concealed to obscure their link with the crime. Terrorist activities are sometimes funded from the proceeds of illegal activities, and perpetrators must find ways to launder the funds in order to use them without drawing the attention of authorities. The IMF has long been involved in international efforts to combat money laundering; but after September 11, 2001, responding to calls from the international community, it intensified its activities significantly and extended them to combating the financing of terrorism.

Good luck to all, Mike


see?...told you i was going to get crucified......yes i have no clue of what money laundering is....are these definitions wrong?

Definitions:
___________________________________
Money Laundering: To move illegally acquired cash through financial systems so that it appears to be legally acquired.

Embezzlement: the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else
__________________________________

i just got the defintion of what "money laundering " is....and posted it..and look at you...you worte half a paragrah on your "interperetation" of what money laundering is.....im sorry but i think ill go with the FACTS not your interperetations