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How does one launder money with a real estate or art transaction? Say I've sold a great amount of cocaine and now have 5 million euro in banknotes sitting in m
by missedthecue 3y ago
How does one launder money with a real estate or art transaction?
Say I've sold a great amount of cocaine and now have 5 million euro in banknotes sitting in my safe at home. How do I launder this money and make it 'legitimate' using those methods?
- mrunkel 3y agoYou buy a house with the cash (private transaction) and then sell the house in a year.
- missedthecue 3y agoOk but this law outlaws that. So I don't understand OP's objection
- PestoDiRucola 3y agoYou sell an art-piece you own to yourself (hidden under several layers of shell companies based in various island-nations) for 5 million.