Typically they will just lie about sales right, so couldnt tax authorities just monitor the number of people going in and out of businesses where they can track easily sales from the outside?(for example barber shop) Then they could just shut down the operation easily by proving fraud? I might be stupid here but it doesn’t make sense to me
In: 4
Successful money laundering just isn’t interesting enough to manually be monitored, and by all automatic methods it appears normal.
For a laundromat or barbershop, this would mean that all the automatic monitoring (tax returns) look like they are normal. They are within reasonable measurements of what is expected of the area, and the launderers just don’t launder enough to exceed that amount enough to be suspicious. And then, if they ever do get manually monitored, either have a plan in place to detect that and be ‘normal’ for that time period, or they just get caught and written about in the news.
But much like the most famous spy is probably the least effective at not getting caught, the successful money laundering will be things that are unlikely to be thought of and thus unlikely to be suspicious enough to get that manual monitoring.
Latest Answers