Money laundering and legal procedures against this part worldwide

Money laundering is the illegal process of making large amounts of money generated by criminal activities, such as drug trafficking or terrorist financing, appear to have come from a legitimate source. Money from criminal activity is considered dirty and the process "launders" it to make it look clean. Money laundering is a serious financial crime that both white-collar and street criminals engage in. Most financial companies today have an anti-money laundering (AML) policy to detect and prevent this activity. However, as today many activities take place in the digital sphere, money itself is digital, and actions are instant and easily cross national borders. "Tax havens" contribute to money laundering, as does buying real estate for cash, which flourishes in former socialist countries. All this places difficult tasks before the representatives of the law who are struggling with this phenomenon, which has a long history and deep roots.