Money laundering. It sounds kind of funny (it is hard to translate this phrase to other languages from English), but it is one of the most serious issues of the 21st century (so far). Money laundering used to be a way for thugs to literally whitewash their illegal earnings. Now, it has become a way for terrorists to fund their operations. Groups like Al-Quaeda would be out of business overnight if they could not get money to function. Because of money-laundering operations, they sometimes make more money than some governments.
But, let's start at the beginning. What is money laundering? Simply put, it is a way to disassociate the proceeds of criminal endevours from the activities themselves. If someone is making money by drug dealing, if he deposits his ill-gotten gains in a bank, especially large amounts of money or a continued influx of cash receipts with no verification from where this money arose, then sooner or later this bank account, and eventually the person, will find themselves the target of an investigation. Of course, no self-respecting criminal wants this.
So, the only way around this is to "clean" the money, hence the phrase. The easiest way to do this is to take over businesses with a high cash turnover, like restaurants, and then proceed to mingle the cash generated from the illegal activity with the legitimate income, thus creating a logical and commercial reason for the large sums of cash. The term "money laundering" came about because in the 1920's, laundry operations were the primary source for laundering operations.
So, we being our exploration of money laundering. Should be fun.
As always, have a great and fraud-free day.
http://www.tauskvega.com
--------------->>>>>>>>>>>>>>>>>gene tausk
But, let's start at the beginning. What is money laundering? Simply put, it is a way to disassociate the proceeds of criminal endevours from the activities themselves. If someone is making money by drug dealing, if he deposits his ill-gotten gains in a bank, especially large amounts of money or a continued influx of cash receipts with no verification from where this money arose, then sooner or later this bank account, and eventually the person, will find themselves the target of an investigation. Of course, no self-respecting criminal wants this.
So, the only way around this is to "clean" the money, hence the phrase. The easiest way to do this is to take over businesses with a high cash turnover, like restaurants, and then proceed to mingle the cash generated from the illegal activity with the legitimate income, thus creating a logical and commercial reason for the large sums of cash. The term "money laundering" came about because in the 1920's, laundry operations were the primary source for laundering operations.
So, we being our exploration of money laundering. Should be fun.
As always, have a great and fraud-free day.
http://www.tauskvega.com
--------------->>>>>>>>>>>>>>>>>gene tausk
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