what exactly is money laundering (spelling?)

[inspiron]

Re: what exactly is money laundering (spelling?)

@NaziJoon

Here’s a money laundering example:

You’re acting for X on the purchase of say a £2 million office block, X puts enough funds into your firm’s client account to complete the purchase and to pay your firm’s fees. However all of a sudden, X changes they’re mind asks you to return the money, less any of you’re fees due to date. Say this is the third time this has happened in the last 6 months. = suspicious behavior.

What they usually do is move money around from a legitimate source to where they want to so it appears legal.

thanks nazi so this money i assume would be ‘dirty money’?