Under section 462.31(1) of the Criminal Code laundering proceeds of crime as “every one commits an offence who uses, transfers the possession of, sends or delivers to any person or place, transports, transmits, alters, disposes of or otherwise deals with, in any manner and by any means, any property or any proceeds of any property with intent to conceal or convert that property or those proceeds, knowing or believing that all or a part of that property or of those proceeds was obtained or derived directly or indirectly as a result of 1) the commission in Canada of a designated offence; or 2) an act or omission anywhere that, if it had occurred in Canada, would have constituted a designated offence. Put simply, money laundering is the process by which profits or proceeds of crime are disguised or concealed in a way that makes them appear legitimate. Typically, this will involve setting up a legitimate business, often a cash-based business such as a restaurant, a bar or a coin-based laundromat. Cash from illegal operations is then mixed with money made by the business without tax authorities or police being able to track the source of the original funds. Once the money has gone through the legitimate business, it can be used without attracting suspicion.