Eli5 How do people launder money with art?

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Why do people buy huge canvases with a few dots on from an arts unheard of for millions? I know it’s commonly used to launder money. Can someone explain how the process works?

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Anonymous 0 Comments

Let’s say you are a politician in a high office. Someone wants to pay you a bribe, but they can’t just hand you cash. What you do is have a relative, like a son, paint some ridiculous artwork. Then the person that wants to bribe you can pay millions for the artwork. Then later the son can share the money with you.

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