What is money laundering and why is it illegal?

Related questions

1. Who assumes responsibility for anti money laundering supervision?
2. Is Aadhaar linking mandatory for bank account?
3. Why is sanctions screening important?
4. What is structuring and why is it illegal?
5. What is an example of structuring?
6. Is PAN card mandatory for opening bank account?
7. Do banks report wire transfers to the IRS?
8. What is a predicate Offence?
9. How do I verify pan KYC?
10. What is AML KYC compliance?

Tags

1. #money
2. #illegal
3. #usually
4. #allows
5. #involves
6. #profit
7. #transactions
8. #system
9. #fully
10. #because
11. #financial
12. #proceeds
13. #through
14. #integrated
15. #having
16. #travelled
17. #crime
18. #laundering
19. #purpose
20. #place
21. #number
22. #criminals