Clean Money (other)
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Clean Money (other)
Clean money may refer to: * Money for publicly funded elections * Money that appears to have been acquired legitimately; see Money laundering Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds i ... See also * Dirty Money (other) {{disambiguation ...
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Publicly Funded Elections
A publicly funded election is an election funded with money collected through income tax donations or taxes as opposed to private or corporate-funded campaigns. In 1974, following the Watergate scandal, the U.S. Congress revised the Federal Election Campaign Act to create a voluntary public financing system for presidential campaigns. Candidates demonstrating grassroots support and agreeing to spending limits can opt for a mixed funding model in the primaries, which includes public matching funds for small donor contributions. Candidates can choose to receive full public funding for the general election, which prohibits private contributions, aiming to promote a fairer democracy and reduce the influence of corporate and private entities. Jurisdictions such as United Kingdom, Norway, India, Russia, Brazil, Nigeria, and Sweden have considered legislation that would create publicly funded elections. United States Methods of publicly funded election legislation have been adopted in ...
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Money Laundering
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds into a seemingly legitimate source, usually through a front organization. Money laundering is illegal; the acts generating the money almost always are themselves criminal in some way (for if not, the money would not need to be laundered). As financial crime has become more complex and financial intelligence is more important in combating international crime and terrorism, money laundering has become a prominent political, economic, and legal debate. Most countries implement some anti-money-laundering measures. In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Office of the Comp ...
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