Money laundering is a method of "washing" illegally obtained money (e.g. ,money from drug sales or gambling proceeds)by making it appear that the money was earned legally as part of the legitimate business.

Question

Quizplus · Accepted Answer

Money laundering is indeed a method used to make illegally obtained money appear as if it was earned through legal means. It involves hiding the source of the money and making it easier to use without detection by authorities.

Money Laundering Is a Method of "Washing" Illegally Obtained Money