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
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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