Money laundering is an act of disguising the illegal and criminal origin of money into a legitimate source of income. Looking at it in a superficial manner, it just looks like any other financial crime that is aimed at evading taxes. However, that is not the case. The main rationale behind money laundering is that the original source of income is criminal in nature, i.e., certain crime(s) have been committed in order to generate such income. If there was no such time, why else would someone want to launder (wash) the money? The term launder is therefore used to refer to the act of washing away of the stains of crime from the money. There are various methods that are resorted to by the money launderers. It is an international phenomenon and it exists everywhere. It is carried out on all scales.