Ano nga ba ang Money Laundering?

Money laundering is the process of making illegally-gained proceeds (i.e. "dirty money") appear legal (i.e. "clean"). Typically, it involves three steps: placement, layering and integration. First, the illegitimate funds are furtively introduced into the legitimate financial system. Then, the money is moved around to create confusion, sometimes by wiring or transferring through numerous accounts. Finally, it is integrated into the financial system through additional transactions until the "dirty money" appears "clean.  (Wikipedia)

In Tagalog,  Ang money laundering ang anumang akto na nagkukubli ng mga salaping nakuha mula sa ilegal na paraan o krimen upang ang mga ito ay magmukhang nagmula sa legal o lehitimong pinagmulan.


Negative Effects of Money to Me as an Individual:

If you are living in a country allowing money laundering activity, with it is clear from available evidence, it damages the financial institutions that are critical to your economic growth, reduces productivity in the economy’s real sector by diverting resources and encouraging crime and corruption,and can distort the economy’s international trade and capital flows to the detriment of long-term economic development.   In short, "kung mahirap ka, lalo kang mag hihirap. "