Money laundering is the engine that drives transnational crime.

Question

Quizplus · Accepted Answer

Money laundering is a process where illegal or "dirty" money is disguised as legitimate income. It is used to move money from criminal activities such as drug trafficking, human trafficking, fraud, and corruption to make it appear as if it comes from legal sources. Money laundering is essential to many transnational criminal organizations as it allows them to access the proceeds of their crimes, maintain their illegal operations, and expand their criminal enterprises. Therefore, money laundering is considered the engine that drives transnational crime.

Money Laundering Is the Engine That Drives Transnational Crime