How do shell companies help with money laundering?

Question

How do shell companies help with money laundering?

In: 70

Answer 1

Can I say from someone that has I guessed “laundered money”… Services, not products, launder money. .

Writing a receipt for a product you “sold” needs a receipt of purchase.

Writing a receipt of services, needs little to almost no proof that what you provided is legit.
—-
Further to this, apart from art appraisal, consultation in most countries is a completely unregulated and uneducated industry. You could have worked in hospitality for 5 years, created a “bespoke cocktail consultation” business and then rinse money like a 1$ laundry.