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
real estate is very popular. a lot of the miami skyline was financed with drug laundered money. they pay for construction with cash and foreign accounts, and then sell at the current market value for the building. all of the money from that sale has been laundered clean.
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