Let’s say I have 500k in cash from fraudulent activities. It seems like I could just go to a casino and play games in a way that minimises my losses or even, if let’s say I was a big organisation, try to work with some casinos for them to launder my money for a lower fee.
I suppose there are rules in place to prevent this type of activities. But what are they? How is this prevented from happening? It seems like it’s really easy to launder money if I needed to
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In the case of $500, it would be easy to launder it.
Set up a lemonade/food stand.
Sell lemonade/food.
At the end of the day, add the $500 to your till.
Claim the money was from sales.
It’s now ‘clean’ as there is a ‘money trail’ showing how you ‘legitimately’ got the money.
Rinse and repeat.
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