EBI Publications

Definition It is the process by which illegally obtained funds are given the appearance of having been legitimately obtained. If done successfully, it allows the criminals to maintain control over their proceeds and ultimately to provide a legitimate cover for their source of income. Money laundering plays a fundamental role in facilitating the activity of the drug trafficker, the terrorist, the organized criminal, the insider dealer, the tax evader as well as the many others who need to avoid attention from the authorities. Money Laundering Financial Infos Issue (21)