MLchartDataset catalogue

Money laundering

Term · Law · MLC-T-LAW-003280

The illegal process of concealing the origins of money obtained from illicit activities, such as drug trafficking or terrorism, by funneling it through legitimate businesses or financial transactions. This practice aims to make the funds appear to have come from a legal source. International agreements like the Financial Action Task Force (FATF) recommendations provide standards for combating money laundering.

Table 1. Record
IdentifierMLC-T-LAW-003280
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003280",
  "term": "Money laundering",
  "field": "Law",
  "definition": "The illegal process of concealing the origins of money obtained from illicit activities, such as drug trafficking or terrorism, by funneling it through legitimate businesses or financial transactions. This practice aims to make the funds appear to have come from a legal source. International agreements like the Financial Action Task Force (FATF) recommendations provide standards for combating money laundering.",
  "url": "https://mlchart.com/terminology/law/money-laundering/"
}

Record 3,252 of 5,439 in Law terminology (MLC-0107). Request the full dataset.