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Money Laundering explained

Money laundering is the process of making illegally obtained money appear legitimate.

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Criminals hide the source of their illegal funds by creating a false trail of documents. This term is often used in connection with various criminal activities, such as tax evasion, organized crime, and funding terrorism. Authorities worldwide are actively tracing the paper trail to track how terrorist groups receive funding.

Vocabulary:

• To launder: To wash.

• A laundry: This is a place where washing is done. It could be a room in your house with a washing machine and dryer, or a public place where you can go to wash your clothes.

• Grime: Grime refers to dirt or filth that builds up on surfaces over time. It's the stuff you need to clean off when you're doing chores like washing dishes or scrubbing floors.

• People smuggling: This is when someone illegally transports people across borders or into a country without following the proper legal procedures. It involves charging money to help people enter a country secretly.

• A trail: A trail is a path or track that's left behind by something moving from one place to another. It could be footprints in the sand, marks on the ground from a bike, or a series of clues that help you follow someone's path.

Source: BBC learning English.

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