23 November 2011
Money laundering means various ways of converting black money into white money. Basically, if someone has money earned from illegal sources, and the person wants to show it as of earned from legal sources, this process is called laundering. THere are various ways of doing this. Governments of most of the nations have made laws to prevent money laundering. You can do a google on this and will get loads of reading material on the same.
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