The practice of disguising illegally obtained funds so that they seem legal is known as Money Laundering. This practice is a key of underground economy. It is defined under common law as crime. Its definition is different from its jurisdiction.

It is considered as engaging in financial transaction to hide identity or illegally obtained money.

British law defines money laundering as under,

“The act is defined as taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property.”

The money laundering was applied to financial transactions related to organized crime in the past. But now it has more wide meaning.

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Forums, chat room and blogs are recently overflowing with complaints from credit card users from across America. Those customers who are complaining are talking about a mysterious $0.25 cent charge on their credit card statements.

These 25 cents have been charged by Adele Services, Melville, N.Y.  A simple search on internet reveals that there is no such company in Melville. even more surprising is that no business by this name was ever registered in state of New York.

People are presenting many theories for explanation of such absurd charges. One is, that it is quite possible that some one got his hands on a large database of credit card numbers and customer information. they are trying to verify the credit card authenticity before ringing up bigger charges on these cards.

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