Glossary:


Term - M : Money Laundering

Money Laundering


Money Laundering

Money Laundering means acquiring, owning, possessing or transferring any proceeds (or money) of crime or knowingly entering into any transactions related to proceeds of the crime either directly or indirectly or concealing or aiding in the concealment of the proceeds or gains of crime, within or outside India. It is a process for conversion of money obtained illegally to appear to have originated from legitimate sources
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