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Transferring large sums of money anonymously isn't actually money laundering, though it can help facilitate money laundering (so it is often banned in an effort
by caf 13y ago
Transferring large sums of money anonymously isn't actually money laundering, though it can help facilitate money laundering (so it is often banned in an effort to make money laundering harder).
Money laundering is the process of making income from criminal enterprises appear to be income from legitimate businesses, usually at a significant discount.
- ma2rten 13y agoSpeaking about that, I am wondering if there are internet businesses out there which are actually a front for money laundering. Say for example an online game or even a porn site. Seems to me like an ideal cover, because it's almost impossible to prove that it's not a real business.
- olalonde 13y agoThere was some speculation that some high revenue/low quality Android/iPhone apps were. I would try to find the HN link/thread but my phone will die soon.
- deleted 13y ago[deleted]
- caf 13y agoThe best businesses for money laundering are those where your sales aren't directly related to the amount of stock you need to buy, and where the customers typically pay cash. Online games and porn sites fall into the first category but not the second.