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
In: Other
This is why fixing sports is so popular with organised crime.
Used to be lots of it in Australian horse racing and boxing. You have a bunch of cash you need to clean, so you tell a bunch of your close mates to put it all on “She’s the fastest” in the seventh race.
Luckily, you’ve paid the right people to make that outcome happen.
Not only have you and your mates cleaned your cash, but depending on what sort of fix is in, you might have doubled it or more.
Latest Answers