the monitor

Social clubs: A haven for money laundering?

Larona Seribe
Larona Seribe

Money laundering is the process of cleaning dirty money by using legitimate businesses or facilities to disguise the true ownership and the origin of funds from criminal proceeds.

This process enables the criminals to enjoy these proceeds without exposing their source.

There are three stages of laundering money:

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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