Dirty money is obtained through illegal activities like bribery, corruption, fraud, drug trafficking, or tax evasion. Dirty money needs to be cleaned or “laundered” to disguise its illegal origin and integrate it into the legitimate financial system. This often involves complex financial transactions.

Whistleblowing on Money Laundering:

Whistleblowers who work in banks, financial institutions, or other sectors vulnerable to money laundering can play a critical role in exposing these schemes. They might notice suspicious transactions, unusual account activity, or attempts to move large sums of cash through the system. By reporting these red flags to authorities, whistleblowers can help track down dirty money and hold those involved accountable.

Strong whistleblower protection laws are essential to encourage individuals to come forward and report money laundering activities. These laws can shield whistleblowers from retaliation by financial institutions or individuals involved in the schemes.