OK - we've discussed ways that money "laundered" can get into the system. As we have seen, there are many opportunities and none of them require a great deal of intelligence or planning. It can be done by just about anyone thinking ahead and using some common sense.
I would once again, however, like to take this opportunity to address a question from a reader - what about the actual transfer of money? Why not just take money physically from one place to another and store it in safe deposit boxes and the like?
So, this once again is a decent question and deserves a response.
First, it is important to remember, and this is a basic law of physics, that large amounts of money are heavy. Imagine having one million dollars, in tens, twenties and one hundred dollar bills. How much would this weigh? How heavy is it to carry around? Try a thought experiment - it cannot be done without a great deal of effort. Also, there is the insecurity of knowing that if you carry around a great deal of money, it can always be stolen from you (and there is something poetic about that).
Second, even storing large amounts of money in a safe or safe-deposit box carries risks. Safes and safe-deposit boxes only can hold a finite amount of money. Remember, money laundering involves millions and billions of dollars. It is physically impossible to store all of that money in one place (short of a bank vault of course, but once again this carries the possibility of theft as outlined above).
So, money laundering is done not only because it is a scheme, but because it is a necessity.
We will move forward with the remainder of defining money laundering tomorrow.
As always, have a great and fraud-free day.
http://www.tauskvega.com
------------->>>>>>>>>>>>>>gene tausk
I would once again, however, like to take this opportunity to address a question from a reader - what about the actual transfer of money? Why not just take money physically from one place to another and store it in safe deposit boxes and the like?
So, this once again is a decent question and deserves a response.
First, it is important to remember, and this is a basic law of physics, that large amounts of money are heavy. Imagine having one million dollars, in tens, twenties and one hundred dollar bills. How much would this weigh? How heavy is it to carry around? Try a thought experiment - it cannot be done without a great deal of effort. Also, there is the insecurity of knowing that if you carry around a great deal of money, it can always be stolen from you (and there is something poetic about that).
Second, even storing large amounts of money in a safe or safe-deposit box carries risks. Safes and safe-deposit boxes only can hold a finite amount of money. Remember, money laundering involves millions and billions of dollars. It is physically impossible to store all of that money in one place (short of a bank vault of course, but once again this carries the possibility of theft as outlined above).
So, money laundering is done not only because it is a scheme, but because it is a necessity.
We will move forward with the remainder of defining money laundering tomorrow.
As always, have a great and fraud-free day.
http://www.tauskvega.com
------------->>>>>>>>>>>>>>gene tausk
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