Why is money laundering necessary?
In: Economics
Laundering is only needed when you do anything that involves other people seeing your finances. So investing, buying luxury items (planes, homes, cars, etc) will expose the discrepancy between your income and what you’re buying, which will make feds wonder how a dude who only reported making $60k is spending so much money.
If you stick with a $100k home and keep your cash at home and away from banks then the government will never know.
The second the extra cash enters the system in any way questions start to get asked.
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