Gerardo Nuñez Money and assets laundering is the process by which the sources of funds generated by illicit or criminal activities are covered or hidden. Laundering creates the illusion that the funds are the result of legitimate activities moving smoothly within the financial system. This process of contamination is a complex and serious threat to the international community, which directly affects the financial system, government and social welfare of the nations involved. Therefore, it needs to be made a priority on their financial, economic and political agendas, so they can develop dynamic and coordinated systems of prevention and control along with legal entities and regulations capable of preventing the growth and spread of this practice.
October 31 2014