Money laundering

Tax planning 645 views 5 replies

Can anyone tell me how to do Money Laundering? Various ways of money laundering?

U can send me mail also

sagar.jaihind @ gmail.com

Waiting for ur replies frends.....

Thank You

Replies (5)

You want to DO money laundering? Its a form of corruption. It involves various processes whereby black money is brought in the financial stream of the market. It includes all sorts of illegal activities.

Un-taxed income, usually in cash, or black money, is made legal. The idea is to bring in the black money into the financial system in a way that goes undetected from the income tax dept.

Read this.

It means..where someone who has made money unlawfully Nd tries to launder it say through someones business so it looks like it is there money but really it is not... Nd it is hard for police/Incometax dept to trace it....OfCoz... money laundering is itself highly illegal, Nd many criminals hve been prosecuted for it. It's often possible to prosecute organized criminals for money laundering, tax evasion.!

Friends thnx for replying,

I know what is money laundering.......... I want to know various ways of money laundering................


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