3 ms·
If you want to do money laundering, don't you just: 1. Have a legit company/ies with sufficient revenue. 2. Bill for imaginary goods/services. 3. Receive and
by carpedimebagjoe 6y ago
If you want to do money laundering, don't you just:
1. Have a legit company/ies with sufficient revenue.
2. Bill for imaginary goods/services.
3. Receive and deposit dirty cash as payment for them. Any questions, just say "oh, they're foreigners who do everything in cash."
4. Remit clean funds to "investors" as "special profit dividends," minus your take.
- lazide 6y agoWithout actual expenses or a plausible storefront, it’ll get flagged pretty quick and shut down - and that type of ‘hands on’ money laundering usually results in significant jail time. Not looking too hard with complex movement of funds with wires is usually more plausibly deniable.
- tim333 6y agoThere are all sorts of different schemes and they change with time. One I kind of knew about was a lot of drugs in the EU are traded for cash in Amsterdam. The cash was then put into the boot of a car and driven to Marbella where it was used to buy property. It affected me because I have a property there and one day they arrested half the lawyers in the area for facilitating that. I assume they are doing something a little different now.
- orthoxerox 6y agoThat's why it's called money laundering. Laundries, along with cabs, bookies and casinos, provided a 100% legit company front that could easily bill for many small imaginary services that were paid in cash. However, running a single legit company large enough to launder the proceedings of a large criminal enterprise is impossible these days. A big successful company with sufficient revenue to mask laundering would draw attention to itself just by existing.