{"id":25261,"date":"2013-05-16T14:27:49","date_gmt":"2013-05-16T08:57:49","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=25261"},"modified":"2024-04-12T14:18:02","modified_gmt":"2024-04-12T08:48:02","slug":"what-is-money-laundering","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/what-is-money-laundering\/","title":{"rendered":"AML KYC Tutorial | Money Laundering Defined"},"content":{"rendered":"<h1><strong>Introduction to Money laundering<\/strong><\/h1>\n<p><a ref=\"magnificPopup\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-5.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-91271 size-full\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-5.png\" alt=\"what is money laundering\" width=\"750\" height=\"400\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-5.png 750w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-5-300x160.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><\/p>\n<h2><strong>What is Money Laundering?<\/strong><\/h2>\n<p>It is the process of concealing the source of money obtained by illicit means such as gambling, corruption, extortion, drug trafficking, human trafficking, etc., Money is moved around the financial system again and again in such a manner that its origin gets hidden. It is the process of making dirty money clean.<\/p>\n<p>In other words, it is \u2018Any actual or attempted act aimed at concealing or camouflaging the nature of illegally or illegitimately earned property to make it look as proceeds from legal sources\u2019. Criminal organizations utilize this process to enable them to exploit further criminal opportunities in a systematic and large scale manner.<\/p>\n<p>Estimates suggest that the size of the problem is over $500 billion annually. Money laundering is a very serious issue, although often thought as a victimless crime. Without it, international organized crime would not be able to function.<\/p>\n<div>\n<h3>&nbsp;<\/h3>\n<p><a href=\"https:\/\/www.vskills.in\/practice\/aml-kyc\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-91326 size-full\" title=\"AML KYC Vskills\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Corporate-Governance-Professional-1.png\" alt=\"AML-KYC Compliance officer free practice test\" width=\"960\" height=\"150\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Corporate-Governance-Professional-1.png 960w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Certified-Corporate-Governance-Professional-1-300x47.png 300w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><\/p>\n<\/div>\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <a href=\"https:\/\/www.vskills.in\/certification\/Certified-AML-KYC-Compliance-Officer\" target=\"_blank\" rel=\"noreferrer noopener\">Go to Home Page<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction to Money laundering What is Money Laundering? It is the process of concealing the source of money obtained by illicit means such as gambling, corruption, extortion, drug trafficking, human trafficking, etc., Money is moved around the financial system again and again in such a manner that its origin gets hidden. It is the process&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[3356],"tags":[6068,6069,6071,6065,6073,6072,6070,6066,71,6067,6076,4302,6075,3589,6074,4303],"class_list":["post-25261","page","type-page","status-publish","hentry","category-aml-kyc-2","tag-aml-certification","tag-aml-kyc-certificate","tag-aml-kyc-certificate-online","tag-aml-kyc-certification","tag-aml-kyc-course","tag-aml-kyc-in-india","tag-anti-money-laundering-certificate","tag-anti-money-laundering-certification","tag-certification","tag-compliance-certification","tag-define-money-laundering","tag-money-laundering","tag-money-laundering-defined","tag-online-certification","tag-vskills-certification","tag-what-is-money-laundering"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AML- KYC Compliance Tutorial | Money Laundering<\/title>\n<meta name=\"description\" content=\"Make your resume stand out and become a Certified Anti - Money Laundering KYC Compliance Officer. 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