So, we have been learning about why it is necessary for arms dealers to launder money. We know that many arms dealers (although But may not have been one among them) who would do the first step of laundering (placement) by purchasing diamonds or other minerals/gems to avoid placing his monies in the world's banking system (which would have been a dead giveaway that something was up).
The second stage that would have been used by But or another arms dealer is the layering process. Since the arms dealer is getting paid in gems, he would have to sell the gems to get the actual money to integrate it (third step) into the world's financial system. This is not very difficult. Arms dealers would have a veritable army (no pun intended) of dealers that would be able to sell the gems for them, record the transactions, and begin the process of taking the proceeds from the sales and "layering" the proceeds into bank accounts, stocks, bonds, safe deposit boxes, CD's, and other financial tools and packages.
What is important for the arms dealers is that the sale of the gems must be recorded and legitimized because this is the crucial step of getting their monies (earnings from the sales of arms) into the world's financial system so that they can have access to the money later. Of course, this would involve the payment of taxes and other royalties, but it is a small price to pay to legitimize their illegal activities.
The second stage that would have been used by But or another arms dealer is the layering process. Since the arms dealer is getting paid in gems, he would have to sell the gems to get the actual money to integrate it (third step) into the world's financial system. This is not very difficult. Arms dealers would have a veritable army (no pun intended) of dealers that would be able to sell the gems for them, record the transactions, and begin the process of taking the proceeds from the sales and "layering" the proceeds into bank accounts, stocks, bonds, safe deposit boxes, CD's, and other financial tools and packages.
What is important for the arms dealers is that the sale of the gems must be recorded and legitimized because this is the crucial step of getting their monies (earnings from the sales of arms) into the world's financial system so that they can have access to the money later. Of course, this would involve the payment of taxes and other royalties, but it is a small price to pay to legitimize their illegal activities.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE. IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
Have a great and fraud-free day.
----------à>>>>>>>>>>>>>>>gene tausk
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