Money laundering is the process of transforming the proceeds of
crime into ostensibly legitimate money or other assets. However, in a number of legal and regulatory systems, the term money laundering has become
conflated with other forms of
financial crime, and sometimes used more generally to include misuse of the financial system (involving things such as securities,
digital currencies, credit cards, and traditional currency), including
terrorism financing and evasion of
international sanctions. Most anti-money laundering laws openly conflate money laundering (which is concerned with
source of funds) with terrorism financing (which is concerned with
destination of funds) when regulating the financial system.