If no one knows about your dirty money why do you need to launder it

Question

I know money from drugs, robberies, stolen goods, etc is “dirty” but, how does anyone know it’s dirty? Why can’t you just spend your money?

In: 316

Answer 1

It’s a little difficult to go buy a $50k car or book a vacation to Hawaii with a stack of $100’s. And even drug dealers might want to get a mortgage on a house if they don’t have the funds to pay up front, which means having some sort of documented income.

Nevermind, it helps reduce risk of tax evasion charges…