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Malaysiakini (English)
Malaysiakini (English)
COMMENT | One of the ways to make dirty money legitimate is through money laundering, which is a process of converting dirty money so it appears legal. This money is smartly cleaned to extinguish its origin from illegal activities, such as bribery, corruption, fraud, drug trafficking, terrorism, prostitution and illegal gaming. Money is the prime reason for engaging in criminal activities and the goal is to get the dirty money into the financial system, including cryptocurrencies, cross-border financial transactions and underground economy. Black money, like it or not, is also funding our econ…