Present day business world is characterized with dynamism that prompts business people to review their policies, programs, and procedures in order to sustain viability in this industry. Tremendous development in IT and globalisation makes information sharing easy which has both positive and negative implications on business. The ethical dimension of business comes to test with numerous challenges. Money laundering is one such challenge facing the present day and future business fraternity. This paper examines money laundering and the implications it poses on business. Economists define money laundering as a money based transaction scheme whose goal is to hide the ...
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