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
There are several options. The most popular seems to be charity.
All you have to do is set up a charity MD you can accept “donations”
Take in millions and millions and use it to pay yourself a salary. You don’t actually have to spend any of it to further the cause the charity was founded for. Not even a penny. Once you are fully laundered you can leave the charity in tact for future illicit activities or you can just shut it down and walk away.
You could also sell something at an outrageously marked up price.
Like a painting from a crack head.
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