Money Laundering The word money laundering, according to the myth, is derived from Al Capone's practice of using a string of coin-operated launderettes in Chicago to disguise his revenues from gambling, prostitution and protection rackets. It's a nice story but not true, money laundering is so called because it perfectly describes the process of removing the stains and smells which money acquires when criminals earn it. In this report I will go on to discuss …showed first 75 words of 1844 total…

…showed last 75 words of 1844 total…clearly becomes a haven for drug barons and crime bosses, where they can launder millions and escape prosecution. The world's third largest industry continues to grow rapidly and uncontrollably. Factors that affect this growth are the increasing emerging technologies, international barriers being removed, improved communications networks and last but not least individual/organisational greed that allows blind eyes to be turned in order to keep revenue coming in. Bibliography Bibliography Dirty Money William C. Gilmore