Money Laundering

Money laundering is the process of transforming the proceeds of illegal activities into legitimate capital. In principle, any financial transaction could be an act by which unlawfully acquired money is laundered. There are consequently an infinite number of mechanisms whereby money, commonly, is laundered. For further details see: MONEY LAUNDERING LAW: Forfeiture, Confiscation, Civil Recovery, Criminal Laundering and Taxation of the Proceeds of Crime.


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