Watch This — A Famous Gangster Teaches You About Money Laundering

The legend of Chicago mobster Al Capone can help you understand this shady activity -- and how it got its name.

Watch This — A Famous Gangster Teaches You About Money Laundering Photo by Billion Photos / Shutterstock.com

Money laundering is a term we’ve all heard. We read about it on the internet and hear about it on TV crime shows. But does anybody really understand it?

The good folks at TED-Ed have put together a video that explains this shady practice in detail. In less than five minutes, you’ll learn how legendary Chicago mobster Al Capone is partially responsible for the name of this activity.

You’ll also find out exactly what money laundering is all about — and why a controversial 1986 change in the law made it easier to crack down on laundering, while also raising new concerns.

Does money laundering worry you? Sound off by commenting below or on our Facebook page.

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