savoie wholesale jewelry "Running Platform" and a new channel for cross -border money laundering in virtual currencies, what is money laundering?

wholesale quality gold jewelry Money laundering is a professional term for the financial industry and is a act of legalizing illegal income. It mainly refers to illegal income and its income. Through various means to conceal and conceal its source and nature, it is legalized in form. In the 1920s, a financial expert of the Chicago Mispermi Party bought a coin -type washing machine and opened a washing store. Every night, when he settled the laundry income on the day of settlement, add illegal money, and then declare taxes to the Taxation Bureau. After tax, all illegal income became his legal income, which is the origin of the word "money laundering".
In October 10, 2018, the documents formulated by the People's Bank of China, the Bank of China Insurance Supervision and Administration Committee, and the China Securities Regulatory Commission's documents were released. In the modern sense, money laundering refers to the act of drug crimes, triad organizational crimes, terrorist crimes, smuggling crimes, corruption bribery crimes, damage to financial management order crimes, and various financial fraud crimes.

The money into a legal business process and bank account, concealing its original source, and making it legalized. Simply put, money laundering refers to the process of revenue obtained by legal activities and construction of hidden, camouflage, and investment illegal. The narrow money laundering is to cover up the true source and existence of criminal income, and to legalize it through various means. These criminal activities mainly include drug trafficking, smuggling, fraud, corruption, bribery, tax evasion, etc.
In addition to the narrow money laundering, money laundering also includes: 1. Black money with legal funds into illegal purposes, that is, whitewashing, such as loan for smuggling money laundering banks; 2. Wash one legal funds into another and legal funds on the surface, to achieve the purpose of embezzlement, that is, washing the purpose, that is, washing White money, such as transferring state -owned assets to personal accounts by money laundering; 3. Escape the legitimate income of supervision by money laundering, such as foreign -funded enterprises to transfer legal income to foreign countries through money laundering.

The modern state has different explanations of money laundering. The Basel Bank Supervision Committee is a relatively authoritative anti -money laundering institution in financial institutions. It describes money laundering from the perspective of financial transactions: criminals and their associates use the financial system to transfer funds from one account to The relationship between the true source and the beneficiary ownership; or use the financial system provided by the financial system to save money, commonly known as "money laundering".
The money laundering can coexist with most crimes, which is the downstream crime of these crimes. From a judicial point of view, money laundering has become a "criminal barrier", which not only hinders judicial activities, but also encourages criminals to be fearless and prompt them to constantly commit crimes. From the perspective of financial management order, money laundering activities often use legal financial network money laundering, which not only violates financial management order, but also seriously damages free competition between fair competition rules and market economy subjects, thereby giving normal and stable economy Order has a certain negative impact. Money laundering is usually designed to hide the source of assets.