Good Lawyer Guide's response

Money laundering is the process by which criminals filter money obtained through criminal methods so that it looks like the money was derived from legitimate sources. It is done in such a way that the identity of the original source and ownership of the cash disappears along the way, so that it becomes very difficult to establish its origin later on.

But this is a very general definition and money laundering can be much more subtle. It can also involve small amounts of money from relatively minor crimes such as benefit fraud and tax evasion. Some businesses are at more risk than others of being targeted by money launderers. For example, the financial sector is an obvious target. So it is wise to assess, perhaps with the help of your accountants, which parts of your business could be vulnerable to abuse so that you can put preventative measures in place.