Fighting Money Laundering
By The Rising Nepal
04 Jan, 2022
Money laundering has been a global problem. This is the conversion of illicit money into legitimate one through various means. The major sources of ill-gotten money are bribery, corruption, trafficking, drug dealing, smuggling, tax evasion, and organised crimes. Money laundering usually takes place in real estate, bullion market, share market and banking sectors. In the past, the scope of money laundering was confined to organised crime only. Now it covers any transactions which generate an asset...