There is only one thing I didn't understand.... what is money laundering

ricardonipples April 26, 2020 10:40 am

There is only one thing I didn't understand.... what is money laundering

Responses
    CrabMelon April 26, 2020 10:47 am

    uh im not too sure either, but i just think its illegally storing money. like you have to pay taxes on everything, so if you illegally pass money through a bunch of complicated ways, you have have "secret money" in the form of antiques or cars or investments

    TurtleCat5 April 26, 2020 10:52 am

    It's basically a way to make illegal money clean using businesses and banks. This allows you to spend the money without it being traced and what not. It's a way for crooks to hide the origins of ill begotten cash and make it all seem legit.

    xielian_inlove April 26, 2020 11:33 am
    It's basically a way to make illegal money clean using businesses and banks. This allows you to spend the money without it being traced and what not. It's a way for crooks to hide the origins of ill begotten ca... TurtleCat5

    Yup