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re: Let's talk money laundering
Posted on 12/8/18 at 11:33 am to WaWaWeeWa
Posted on 12/8/18 at 11:33 am to WaWaWeeWa
quote:
That’s not really money laundering. How are you going to explain how your income went from 60k to 500k in a year? Buying poker chips?
It is classic money laundering if you manage to pull it off. If you get the casino to cut you a check, then you have “clean” money being deposited in your account. When the Bank or the government enquires about the source of funds, then you can point to a check from a casino, claiming it as winnings. Problem is casinos have been under more pressure in the past decade to identify and prevent that type of activity so it’s not as easy as it once was to do that.
1
Posted on 12/8/18 at 11:59 am to MStant1
Yes if they cut you a check you are correct.
I thought he was implying the act of exchanging “dirty” bills for “clean” bills. Most people think that’s money laundering.
Your scenario would work for small amounts, but it’s not feasible for millions of dollars
I thought he was implying the act of exchanging “dirty” bills for “clean” bills. Most people think that’s money laundering.
Your scenario would work for small amounts, but it’s not feasible for millions of dollars
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