ok, nice Interest thread. How do you Launder 4 million quid?
16 March 2006, 05:29 PM
#1
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ok, nice Interest thread. How do you Launder 4 million quid?
I've worked for the financial industry for 15 years and had countless presentations and videos on money laundering.
if i was a crim, i think i'd be pretty lousy.
so, you've got yer 4mill in used 10s and 20s. what then?
if i was a crim, i think i'd be pretty lousy.
so, you've got yer 4mill in used 10s and 20s. what then?
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16 March 2006, 07:33 PM
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I would of though you need to run a business that:
doesnt buy stock (provides a service)
CAn have an infinate number of sales with out raising questions.
deals in cash in reasonable amounts but under the HMRC limits
doesnt buy stock (provides a service)
CAn have an infinate number of sales with out raising questions.
deals in cash in reasonable amounts but under the HMRC limits
16 March 2006, 07:34 PM
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Originally Posted by Dracoro
open up a local dry cleaners
16 March 2006, 07:35 PM
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Originally Posted by Scooby Soon!
I would of though you need to run a business that:
doesnt buy stock (provides a service)
CAn have an infinate number of sales with out raising questions.
deals in cash in reasonable amounts but under the HMRC limits
doesnt buy stock (provides a service)
CAn have an infinate number of sales with out raising questions.
deals in cash in reasonable amounts but under the HMRC limits
run a brothel then........maybe
16 March 2006, 07:46 PM
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Originally Posted by watto52
run a brothel then........maybe
But same rules as the dry cleaners you can only have so many staff who can do a certain amount of "work"
16 March 2006, 09:07 PM
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Originally Posted by Scooby Soon!
They would check how many staff you had, how long does it take to process one item etc They would soon work out how much you should be taking!
Think, what does a dry cleaners do? They launder 
16 March 2006, 09:40 PM
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4m needs to laundered in a massive network of financial transactions, and be prepared to lose a large chunk of it in fees... it would probably take a good couple of years and you'll probably need to get as much of it in dollar accounts and involve a lot of eatern european businesses...
16 March 2006, 10:11 PM
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Originally Posted by Ted Maul
4m needs to laundered in a massive network of financial transactions, and be prepared to lose a large chunk of it in fees... it would probably take a good couple of years and you'll probably need to get as much of it in dollar accounts and involve a lot of eatern european businesses...
Why dollar acounts
I would imagine that taking a large sum of cash to eastern europe would result in a pretty quick death
16 March 2006, 10:31 PM
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Originally Posted by Scooby Soon!
I would of though you need to run a business that:
doesnt buy stock (provides a service)
CAn have an infinate number of sales with out raising questions.
deals in cash in reasonable amounts but under the HMRC limits
doesnt buy stock (provides a service)
CAn have an infinate number of sales with out raising questions.
deals in cash in reasonable amounts but under the HMRC limits
Gotta be the best way!
Cash deals, Imaginary customers, Make up reciept, pay tax = laundared money=back pocket, big house, fast scooby!
16 March 2006, 10:46 PM
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Get it into Northern Cyprus - not recognised by many States, so no extradition treaties and lax financial controls and then put it through one of the numerous 'questionable' banks that exist there. Apparantly it is one of the favoured routes for the Russian Mafia to 'legitimise' money.
17 March 2006, 05:28 AM
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You get twenty mates to go to Cheltenham with you for the four day festival and chuck as much money down as you can, each of you on a different nag. If you walk away with 2 million clean you've had a result. This is where most of the cash headed after the bank robbery in Belfast last year.
Otherwise you pay somebody around 40% to do it for you.
So I'm told!
Otherwise you pay somebody around 40% to do it for you.
So I'm told!
17 March 2006, 10:40 AM
#22
Loan it to the Labour Party.
Buy expensive watches and give them to Labour MPs. Get the MPs to declare them for £125. A couple of years later ask the MPs to sell it for a market price and you take the money back whilst giving the MP a nice holiday.
Gift it to a Labour MPs husband who's meant to be good with the books.
Buy expensive watches and give them to Labour MPs. Get the MPs to declare them for £125. A couple of years later ask the MPs to sell it for a market price and you take the money back whilst giving the MP a nice holiday.
Gift it to a Labour MPs husband who's meant to be good with the books.
17 March 2006, 11:56 AM
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fair point buying an amusement park. the previous owner would be wary of taking 100K in cash himself.
can you put down 7 grand in cash in a jewellers to buy you beloved rolex daytona?
can you put in varying amounts of thousands (say less than 10 each time) into your bank account from various branches - do the computers raise an alarm for regular cash injections like they do for irregular credit card use?
when does cash arouse suspicion in local shops??
can you put down 7 grand in cash in a jewellers to buy you beloved rolex daytona?
can you put in varying amounts of thousands (say less than 10 each time) into your bank account from various branches - do the computers raise an alarm for regular cash injections like they do for irregular credit card use?
when does cash arouse suspicion in local shops??
17 March 2006, 02:44 PM
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Originally Posted by ChefDude
fair point buying an amusement park. the previous owner would be wary of taking 100K in cash himself.
can you put down 7 grand in cash in a jewellers to buy you beloved rolex daytona?
can you put in varying amounts of thousands (say less than 10 each time) into your bank account from various branches - do the computers raise an alarm for regular cash injections like they do for irregular credit card use?
when does cash arouse suspicion in local shops??
can you put down 7 grand in cash in a jewellers to buy you beloved rolex daytona?
can you put in varying amounts of thousands (say less than 10 each time) into your bank account from various branches - do the computers raise an alarm for regular cash injections like they do for irregular credit card use?
when does cash arouse suspicion in local shops??
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