the money laundering

 Money laundering or what is called money laundering is defined as the process of transferring large amounts of money illegally obtained into clean and negotiable funds in public activities. covering the sources from which the money is earned;  Through the use of illegal means of investment, and then invest their profits in legitimate and legal activities.

 Money laundering is a crime punishable by law.  Because of its negative impact on the private economy of countries;  This crime allows criminals to dispose of the laundered money and employ it in a range of public activities by concealing its illegal sources, and also helps them to expand their illegal business and earn more of this money.

 money laundering tools

 

There is a set of tools used by money laundering criminals, which vary from simple and traditional methods to the use of technological means that help them in the money laundering process.  Among the most famous money laundering tools are the following:

 Illicit trade: One of the most famous traditional money laundering tools, which uses all commercial channels in order to facilitate the money laundering process, and this trade includes illegal business such as drugs, unlicensed weapons, and medicines that do not conform to specifications, and others.

 The use of a group of financial institutions: institutions that contribute to facilitating money laundering operations by providing legal cover within the business and financial activities that they carry out, and thus contribute to the transformation of illegal funds into laundered funds.

 Real estate leasing: It depends on the use of illegal capital in a group of real estate investment projects, which buy real estate and then rent it to individuals and institutions, and thus the illegal money is replaced with legal money.

 Loans: which are considered one of the most used means of money laundering;  Loans linked to an interest value are approved, and this results in providing illegal money as loan amounts, and then collecting a percentage of the interest on its value after a certain period of time has passed.

 Internet technology: It is a modern means of money laundering, which depends on the transfer of illegal funds to any other financial investments such as stocks and bonds, through the use of websites that act as a financial intermediary, which facilitates the process of investing unlaundered funds.

 stages of money laundering

 Money laundering depends on a number of stages, namely: 

 Deposit: It is the first stage of money laundering, through which money laundering criminals get rid of their money by transferring it to bank deposits in banks and investment financial institutions, which contributes to replacing it with clean and legal money.

 Pooling: It is the method that money laundering criminals rely on to collect it within a group of financial projects and investments that guarantee them adequate coverage of the illegal operations they carry out;  Pooling helps provide disguise for money laundering operations.

 Merger: The last stage of money laundering, during which illegal money is mixed with legal money, and thus the money is mixed together, and it is difficult to identify it.

 Negative consequences of money laundering

 Money laundering results in a number of negatives that affect society and the economy, namely: 

 Economic results: a set of results that lead to the emergence of a negative impact on the national economy of each country;  Because of the role of money laundering in the decline in the use of sound capital and its replacement with illegal funds that some criminals seek to spread within the economic market, which leads to a decline in economic development and financial investments, which negatively affects the value of local currencies compared to foreign currencies.

 Political results: The results that are related to the threat to the political stability of countries due to the use of laundered funds to finance illegal and criminal operations that may lead to the spread of a security and national threat to a country, and political corruption may spread through the use of money laundering and its dissemination within countries within the government sector.

 Social results: are the results that affect the entire societal environment;  Money laundering criminals seek to spread all types of trade that provide the best assistance to them in order to easily launder their money, so they are keen to spread drugs among the youth category as one of the means that helps to increase the money laundered, and this results in a great destruction in the infrastructure of society.

 Anti money laundering

 Many countries of the world are striving to combat money laundering by all available and possible ways and means;  Therefore, most of these countries have established specialized criminal units, and then issued a special law for the penalties for the crime of money laundering.  Manipulating its value, transforming it into other forms and forms, or following up on any other process that entails concealing the source from which those funds were acquired. Each of these operations, whether applied individually or collectively, is a form of money laundering, which  It is classified as a crime punishable by law.