People always say mattress stores are shady and used for money laundering. Not totally sure I understand exactly what money laundering is. How would this occur at a mattress store?

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People always say mattress stores are shady and used for money laundering. Not totally sure I understand exactly what money laundering is. How would this occur at a mattress store?

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Anonymous 0 Comments

I happen to have worked in a mattress store and am also a certified anti-money laundering specialist.

I’ve worked in the financial crimes space for several years, have never seen a mattress store used for money laundering, there are far better options.

Mattress stores generally aren’t very busy, but they’re usually fairly big ticket items with solid margins, so they don’t need to be super busy. Some products are price controlled, like Tempurpedics, so you’d have a difficult time falsifying an invoice for something like this. They’re also not cash heavy, have low inventory, and low inventory turnover, so really not appealing to money launderers.

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