Money Laundering

Wikipedia defines Money Laundering as the practice of disguising illegally obtained funds so that they seem legal. It is a crime in many jurisdictions with varying definitions. It is a key operation of the underground economy. Read more at http://en.wikipedia.org/wiki/Money_laundering
Let us see how money laundering takes place. The basic money laundering process (disguising illegally obtained funds) has three steps:
1. Placement - At this stage the illegal funds are deposited into a legitimate financial institution. This is often in the form of cash bank deposits. This is the riskiest stage of the laundering process because large amounts of cash are pretty conspicuous, and banks are required to report high-value transactions.
2. Layering - Layering involves sending the money through various financial transactions to change its form and make it difficult to follow. Layering may consist of several bank-to-bank transfers, wire transfers between different accounts in different names in different countries, making deposits and withdrawals to continually vary the amount of money in the accounts, changing the money's currency, and purchasing high-value items.
3. Integration - At the integration stage, the money re-enters the mainstream economy in legitimate-looking form -- it appears to come from a legal transaction. This may involve a final bank transfer into the account of a local business in which the launderer is "investing" in exchange for a cut of the profits.

Payroll Services System, Payment Processing, Payroll Cards

Payroll Services System, Payment Processing, Payroll Cards : "Online Money Transfer at the Click of a Button



In cooperation with prime VISA and MasterCard issuers, EPAY Inc. offers effective debit card services, prepaid credit cards, and payroll solutions to entrepreneurs, business owners, organizations, freelancers, communities, and individuals.

EPAY’s card service and payroll program allows you to send money to your affiliates, members, clients, and employees. Debit cards and prepaid credit cards with fast and easy payouts will make payments simple for everyone involved. In addition, this money transfer option can considerably reduce your administrative expenses.

We will customize an attractive offer for you, regardless of your business size and/or location, and provide you with prepaid credit cards and a dedicated manager for phone and email support. EPAY’s payroll services will give your business a major step forward in serving your clients and affiliates by offering instant commission and salary payouts, lucrative bonuses, and discounts. This payroll system can be used by business owners worldwide.

An EPAY master account gives you the unique opportunity to work easily with the sub-accounts of your clients, members, affiliates, or employees and fund a debit or virtual credit card in just a few clicks. Online money transfer is a great option for your employees or clients who do not have bank accounts or who are located internationally.

Other Benefits of EPAY’s Payroll Solution for Business Owners:

• No bank transfer fees
• Save time
• Complete online banking
• Reseller programs available
• One person can operate the program
• All company employees/affiliates/clients receive debit"

Money bookers Online Money Transfer

Languages you can opt for at Moneybookers are English, German, French, Spanish, Italian, Polish, Greek, Romanian Russian, Turkish, Chinese and Czech. Communicate in your local language to have more freedom.
Starting an account with Moneybookers is very easy and it is free. Just log in to Moneybookers.com site and register your email ID. Just go through an email verification process and your online bank account is ready for use. You can deposit money, receive money from abroad, send money overseas, participated in auctions, and make online purchases.
Once your Moneybookers account is ready you can add funds to your account, withdraw from your online account in your local currency. XAUD Australian Dollar, GBP British Pound, BGN Bulgarian Leva1, CAD Canadian Dollar, HRK Croatian kuna, CZK Czech Koruna, DKK Danish Krone, EEK Estonian Kroon, HKD Hong Kong Dollar, HUF Hungarian Forint, ISK Iceland Krona, INR Indian Rupee, ILS Israeli Shekel are some of the local currencies you can withdraw money to.

Also read: Online Money transfer - using Visa Debit Card

Online Money transfer - using Visa Debit Card

iKobo offers a new way to transfer money across 190 countries all ove the world. iKobo, established in 2001, is managed by people who have extensive experience in money transfer, consumer payments, transaction processing and data security. iKobo offer the market a better, faster, safer and more economical solution to international person-to-person money transfers. Leveraging modern technologies and an on-line customer interface, iKobo today offers a secure solution that is vastly superior to traditional agent-dependent companies. iKobo uses an open network of VISA merchants and ATMs numbering more than 25 million which is more convenient and safe to send and receive money than a closed network of independent agents. iKobo allows consumers to use credit cards, debit cards, or bank accounts on-line to send a re-loadable Visa® Prepaid Card to recipients. The card is the key to giving consumers the convenience, safety and security of receiving money in an environment managed by VISA - the global leader in payments.

Online Money Transfer Guide

Practically all business is going online and Ecommerce need a fast and effective online money transfer protocol and Merchant Account. A more effective way to transfer funds internationally and easy currency conversion.
Online Money Transfer Guide is to help you out to find the correct online money transaction.