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by lcnPylGDnU4H9OF
1 hour ago
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From a strict "anti-money laundering" standpoint (how the bank thinks), money laundering is taking money that is suspected as being proceeds of criminal activity ("dirty" money) and making it indistinguishable from "clean" money. "Being bad at business" in a way that matches the definition of nepotism is not money laundering. There is a necessary component that the money is "dirty" and needs to be "cleaned", hence it is "laundered". |
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