This violation is the act of making funds, derived through criminal means, seem legitimate. This usually involves investing criminally derived money into a legitimate, or what appears to be a legitimate business. The money extracted from this â€œlegitimateâ€ enterprise is laundered or clean money. Many money laundering operations also involve tax evasion and â€œcreativeâ€ accounting. Despite the fact that these are very complicated transactions, the Government has been very vigilant at prosecuting individuals and imposing severe penalties against individuals involved.
Money Laundering Brad Glonka