tag:blogger.com,1999:blog-10459981.post5944935462009927836..comments2023-09-28T15:35:46.255+01:00Comments on <center>FIDDAMAN BLOG</center>: GlaxoSmithKline Statement - A Closer LookUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-10459981.post-88341665402018552972008-02-15T10:59:00.000+00:002008-02-15T10:59:00.000+00:00"Money Laundering is the process by which criminal..."Money Laundering is the process by which criminals attempt to hid and disguise the true origin and ownership of the proceeds of their criminal activities, thereby avoiding prosecution, conviction and confiscation of criminal funds."<BR/>(Source: Joint Money Laundering Steering Group "Prevention of Money Laundering - Guidance Notes for the UK Financial Sector, 2003 Edn")<BR/><BR/>Generally speaking, this process will involve the "tainted" funds passing through a series of transactions, obscuring its origins, and thus giving it a veneer of respectability - this is why multiple "correspondent bank" transfers, across jurisdictions, are particularly useful. Clinical Psych has a post, in which the process of turning turkeys into wonder drugs is described as "information laundering". In this way, shite information is "laundered" through KOLs, and becomes top notch validation of the value of a drug.<BR/><BR/>MattRadagasthttps://www.blogger.com/profile/14286529284742690239noreply@blogger.com