4 ms·
unlikely. The best way to legally launder money is to use a casino. You bring in your dirty money, exchange it for chips. Then sit on your chips for a week, ma
by at-fates-hands 11y ago
unlikely.
The best way to legally launder money is to use a casino. You bring in your dirty money, exchange it for chips. Then sit on your chips for a week, maybe a month, then go back and cash out your chips for clean money.
Meanwhile, all the cash you moved through the casino is now scattered to some 50-100 different banks as it gets deposited in their daily drops and then transferred as necessary between the banks. In a few weeks, the dirty money is albeit untraceable.
- 21 11y agoBut I don't understand something. You showed up with lets say $50k at the casino, you departed with the same $50k. If you'll be investigated, you still can't justify the money you walked in with.
- wmf 11y agoCan you claim it as winnings? Do these casinos issue receipts?
- MagnumOpus 11y agoCriminal 1 buys $50k in chips using wired funds. Gives chips to criminal accomplices 2, 3 and 4. CA2, CA3 and CA4 come into the casino a few different times over several months, gamble for while for a net zero gain or loss, and then convert their "winnings" from chips into cash in chunks of $5k or so - flying under the radar. C1 never needs to come back to the casino where the police might catch him - and he is the only one who is linked to the big heist.
- mianos 11y agoThe large value chips have rfid tags in them. You would be investigated. You'd need to play some game with a slight loss to the casino to swap them out.