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Car wash flow is slightly different right? Because it is a cash heavy business - in that case the "laundering" happens through cooking the books to make the bus
by mattnewton 5y ago
Car wash flow is slightly different right? Because it is a cash heavy business - in that case the "laundering" happens through cooking the books to make the business seem more successful (with more cash inflows) than it actually has. That cash comes from some illicit activity with different parties than the car wash and slowly supplements the main income from running the legitimate business. In the turo example, unless I am misunderstanding, the drug dealer or whoever is providing an illicit service asks for payment through a car rental? And so now your customers have knowledge and participation in the laundering scheme.
- pnutjam 5y ago"Your customer" might just be you.
- mattnewton 5y agoTo do that I would need to get the money into the banking system though right? At which point it has to be already laundered. Otherwise auditors will notice unexplained large cash influxes. I don't think you can rent a turo car in cash.