This article was written by Melinda Gao Principal Solicitor at W & G Lawyers.
What is Money Laundering?
Money laundering is when someone takes money earned through crime — say, from drug dealing or fraud — and tries to make it look like it came from a legitimate source. Anti-Money Laundering (AML) laws exist to stop this from happening by requiring certain businesses to check who their clients are and watch out for anything suspicious.
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