30 Mar 2017
Money laundering is a global problem. Moreover, such illicit funds are often used to finance criminal enterprises that undermine the State’s financial security.
Countries like Sierra Leone are vulnerable and preyed upon as easy targets, especially where there are no legislative instruments to address the problem or the existing ones are weak.
Money laundering is the process of transforming the profits of crime and corruption into legitimate or legal assets. Sometimes the term money laundering is associated with other forms of financial and business crime, and is sometimes used more generally to include misuse of financial systems.
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