Global Measures To Combat Money Laundering

Money laundering crimes initially arise from generating illegal financial profits through arms trafficking, drug trafficking, smuggling, embezzlement, bribery, electronic fraud, and other legally criminalized financial gains. Because these funds are considered (unclean) as bankers call them, their owners need to legitimize them and conceal their source by introducing them into the financial system through small cash deposits in bank accounts, or by purchasing a series of monetary instruments such as checks and others, or tangible assets such as cars, land, and real estate, and then reselling them and collecting the money to deposit it in a bank account elsewhere. This process is considered a first step, after which the money launderer needs to conduct a series of banking operations by transferring funds through a chain of accounts in various banks worldwide, making it difficult to trace their source. Subsequently, the owner of these funds invests them in real estate,