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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Laundering illicit cash works best with a business that is likely to make a lot of cash transactions, and sells goods that have a long shelf life (as you’re not actually selling many).
American candy, phone accessories and candles are three good examples.
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