Can you give me an understandable example of money laundering? So say it’s a storefront that sells art but is actually money laundering. How does that work? What is actually happening?

Question

Can you give me an understandable example of money laundering? So say it’s a storefront that sells art but is actually money laundering. How does that work? What is actually happening?

In: 18668

Answer 1

Let’s say they sell a piece of art, they sold it for $100, on their accounts they write it as sold for $500. The other $400 could have been gained through illegal means.
But now they can explain how they obtained the money