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Question A: Money laundering has become a huge setback and created a large problem throughout the world as it has developed enormously. An estimate of hundreds of billions of illegal dollars is being furnished into the world's economy world wide. Money laundering has devastating consequences; it can erode the integrity of financial institutions and also threaten a nation's very sovereignty. So what exactly is money laundering? It has been defined as: "The process by which criminals attempt to conceal the true origin and ownership of their criminal activities. If undertaken successfully it also allows them to maintain control over those proceeds and ultimately, to provide a legitimate cover for their source of income." Money laundering plays a fundamental role to those who are involved in criminal activities such as drug trafficking, terrorist activities, organised crime, trade fraud, tax evasion and human trafficking not to mention others as the list is endless....

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