Money Laundering and Its Impact

Money Laundering

Money laundering is the process of disguising the origins of illegally obtained funds, making them appear to be legitimate.

The text mentions the significant presence of drug trafficking and organized crime in Latin America and the Caribbean as contributing factors to money laundering.

<p>The text suggests that larger countries engage in more money laundering due to their access to larger amounts of funds, compared to smaller island nations despite their higher risk profile.</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

The process of disguising the origins of illegally obtained money.

The source of funds, particularly in relation to legality.

The legal rights to possession of financial assets.

Actions that are illegal and punishable by law.

A geographical area known for varied risk profiles in money laundering.

Nations that have fewer instances of money laundering.

Small nations that are more susceptible to money laundering.

Nations that typically engage in more money laundering activities.

The steps and processes involved in money laundering.

The act of making illicit funds appear legitimate.

The movement of money between accounts or entities.

Monitoring by authorities to enforce laws on financial activities.

A system of laws that defines crimes and their punishments.

Financial transactions that are illegal or unethical.

The effect that financial crimes have on economies.

The structure and processes for enforcing criminal laws.

Profits obtained from unlawful actions.

The acceptance of financial resources as legal and valid.

Actions taken to deter money laundering activities.