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
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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