In the UK it is widely ‘known’ and accepted that the sweet shops and phone shops on places like the famous Oxford Street are fronts for money laundering. Can anyone explain to me what money laundering is and what these shops are actually doing? How do people know these shops are doing it? I don’t understand.
In: 1554
And why candy shops, you may ask? It used to be shops selling phone covers and other similar items that cost pennies to buy from China in bulk but retail for £10 or more BUT during COVID lockdowns the only shops allowed to open at all were food shops. Hence all the laundering operations had to find a food related product that was plausible and could be sold with a crazy mark-up.
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