Essay Archive - Money Laundering
Money Laundering
The word money laundering, according to the myth, is derived from Al Capone's
practice of using a string of coin-operated launderettes in Chicago to disguise
his revenues from gambling, prostitution and protection rackets. It's a nice
story but not true, money laundering is so called because it perfectly describes
the process of removing the stains and smells which money acquires when
criminals earn it.
In this report I will go on to discuss the topic of money laundering in the
following order; firstly, I will begin by explaining what is money laundering?,
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