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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    What is money laundering?

    day dreamer
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    • Post n°1

    What is money laundering? Empty What is money laundering?

    Post by day dreamer Thu 10 Sep 2015, 11:20 am

    What is money laundering?


    [ltr] 2015/9/10 18:53 •[/ltr]
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      {Baghdad: Euphrates News} is a money laundering process of economic crimes months, which is punishable by law, however, this term hesitate too much, but many do not realize the meaning and the mechanism in which the money laundering.
     Money laundering is a recycling of funds generated by illegal actions in the areas of investment channels and legitimacy; to hide the true source of these funds.
    It is money that are illegal, such as those obtained from trafficking in contraband, drugs, bribery and sale of human organs, and trade of illegal arms, and processes precious metals, and sell them illegally extract, and any funds obtained from the ways punishable by law.
    Although some people know the meaning of this term, but many of them also do not know the mechanism and ways in which to hide the source of the money, and legitimize the legal status of these funds. 
    Hence, we would like to ask a few examples on this topic!
    Let's say that one of the arms dealers of illegal obtained a US $ 10 million due to sell it for weapons to some of the armed groups in Africa, and he wanted that the money transferred to his country in the normal position this person can not make a conversion cross-conversion channels available; it To combat this economic crime agreed States to establish ceilings transform daily, mostly does not exceed ten thousand US dollars per day per person, but this is these people to open soon are fake in its companies, but the list is committed to the surface with all laws and conditions are binding to open these companies in the two countries to be switching between them, these companies under the names of the people away from the suspicions about mostly what they are victim of caught in the trap of these groups, may the people and fake trade between the two countries to import some goods much higher than the actual value of these goods worth, and therefore the company get a fake profit In order away suspicions These companies pay the full fees and taxes due to the activity of this company, and thus reach the money to the country to be the conversion and it can later withdraw this money in part and doing business fake another, or even the purchase of land and real estate, and then sell it to get in the end the money is gaining legitimize even if sacrificed part which for this purpose. 
    It is worth mentioning that there are more than three hundred method by which to laundering or money laundering, in which, each of which is used depending on the nature and source of the money.
    But what money laundering impact on the economy of a particular country? 
    At first the anti-money laundering process found in the first place to reduce the spread of crime, and to prevent such groups from access to funds, and thus expand its operations in violation of the law, but there are important economic effects may affect the economy of the country in which they are money laundering, the most important the deterioration of the purchasing power of the local currency resulting from the increased liquidity, and thereby increasing demand, which works to increase the rate of inflation, and thus raise prices.


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