The process of converting illegally earned assets to conceal their origin is MONEY LAUNDERING.
The process of concealing the origin of illegal assets has been termed as money laundering.
Illegally earned assets has been considered as the criminal offense. It has been dealt with the assets earned by following the methods that are fraud and not approved by the government.
The illegal assets have not been processed directly. Thus, in order to enjoy the money, the illegal assets have been converted to clean asset.
This has been achieved by the transfer of funds through various businessmen and complex transactions. This has been resulted in the use of the assets from the back end.
The process of concealing the origin of illegal assets has been termed as money laundering.
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