Finance Educational Training Video
0:00
17
0
Vocal Characteristics
Language
EnglishAccents
North American (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
millions of financial transactions are occurring in the global markets on any given day. Most of these are perfectly legitimate, but some are not in amongst the legitimate transactions. They're criminals using the financial system to wash their proceeds of crime in a process called money laundering. The global scale of money laundering is huge. International Monetary Fund estimates put it at over $1 trillion a year. So let's start with understanding what exactly money laundering is. It is the process by which criminals attempt to conceal the identity source or destination of illicit funds.