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.
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I can’t explain the uk thing but as far as money laundering
Say you have someone who wants to give you money, like as a bribe or something else sketchy or illegal, instead of paying you, they put their money somewhere else, like a business that you own, the business might not do anything, or it might be a small business that isn’t profitable. They give the money to the business, and you pull the money out later, usually bit by bit.
While money laundering is technically illegal because it’s still a bribe, payment for illegal activities, or whatever they are trying to do, it’s really hard to prove, because each individual action isn’t illegal. It’s why it can kinda be an open secret, something everyone knows about but continues happening because it can’t be proven
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