I understand how money laundering works for smaller time criminals, buying some cash heavy business, mixing in the illegal cash with legit profits, etc… But how large scale criminals like major drug traffickers and such can launder 10s or 100s of millions I don’t understand. The conventional front business method seems like it would require an unreasonable amount of stores to handle that kind of volume.
In: Economics
Basically they buy a business that mainly runs on cash and then they use themselves as a customer.(in a way)
Let’s say you buy a gym. The gym makes $10,000 a month. But you claim it makes around $15,000 a month.
You make up some customers that pay their monthly fee. But it’s a gym no one ever sees them.
But that money is on the books. So every month you can “wash” $5,000.
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