Money laundering and terrorist financing are two illegal activities that are often intertwined. Money laundering involves hiding the origins of illegally obtained funds, while terrorist financing involves providing financial support to individuals or groups that carry out acts of terrorism.
Money laundering is a serious global problem that affects both developed and developing countries. It involves the illegal process of concealing the origins of money obtained through criminal activities and making it appear as if it was obtained from legitimate sources.
One of the most common money laundering schemes is known as "smurfing" or "structuring." This involves breaking up large sums of money into smaller transactions in order to avoid detection.