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Money Laundering is defined as the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses.

Money Laundering is defined as the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses. It is the process whereby the proceeds of crime or dirty money are transformed into ostensibly or layered with legitimate money, income or other assets. Money laundering refers to a financial transaction scheme that aims to conceal the identity, source, and destination of illicitly-obtained money. Critically discuss the arguments for (advantages) and against (disadvantages) of money laundering

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