there’s a lot of dirty money out there
and an entire underground industry
dedicated to scrubbing it clean it is
now golem dude
welcome to watchmojo.com it we’re
counting down the five most interesting
things about the illegal yet tantalizing
world of money laundering I don’t know
what means I was hoping you knew I think
think coke dealers do okay all right do
we know any coke dealers my cousins a
cokehead
number five money laundering has three
basic steps to conceal the source of
money as by channeling it through an
intermediary to come to the source one
doesn’t really help us Mike okay let’s
just say you’ve made millions of dollars
by betting on unsanctioned moose fights
or dealing knock off Wayne Gretzky
rookie cards but how do you enjoy your
newfound wealth without the Mounties
getting wise to you that’s money
laundering 101 the first and most risky
stage of wandering involves placing
dirty money in a financial system it may
come as no surprise that depositing a
million in unmarked bills into your
neighborhood bank may raise some red
flags so this takes some creativity but
more on that later
next comes layering where the launderer
hides their tracks through an intricate
series of techniques that obscure the
money’s history in the event of an audit
finally comes the fun part the
integration stage where dirty money has
been scrubbed clean and may be used to
freely purchase gold-plated ski-doos
platinum hockey sticks and hi-tech
apology factories number four
there are many placement strategies
that’s how you launder a hundred million
dollars in cash our personal favorite is
the blending of funds or the Walter
White as we like to call it I’m in the
Empire business the strategy involves
purchasing a business and subtly
blending illegal funds in the daily
balance sheet over a long period of time
you’ll be in charge of laundering hmm
I’ll start looking for a laundromat why
money laundering you asked oh you mean
as a front because a laundromat is a
cash based business another popular
placement strategy is smurfing where
Smurfs as they’re called make deposits
in multiple
bank accounts to avoid suspicion blue
body paint optional no I’m afraid I just
blew myself
finally there’s bank complicity where
crooked bankers do all the work for you
making the illegally obtained money
legitimate through series of financial
gymnastics if the US Justice Department
Santas a subpoena it will become popular
with it we will wipe our ass with it
placement strategies are constantly
evolving making the detection of illegal
funds a continuous struggle leaving law
enforcement officials blue in the face I
feel like a idiot
number three money laundering is a huge
problem for the economy by nature of its
secrecy is difficult to know exactly how
much money is being illegally laundered
but the UN’s Office on Drugs and Crime
estimates anywhere from 800 billion to
two trillion dollars u.s. enters the
world economy on a yearly basis to put
that in perspective that’s up to four
times the revenue of Walmart the world’s
largest corporation on multiple
occasions high-profile companies and
individuals such as FIFA and Vladimir
Putin have been accused of involvement
and laundering schemes suggesting that
the rabbit hole may go even deeper than
we’d expected number two you can money
laundry from home in your spare time
okay all I did was I launder a half a
billion dollars in drug money okay it’s
true you can earn $10,000 a month
working from home all you need to do is
transfer money from individual to
individual without asking any questions
if this sounds a lot like money
laundering well that’s because it is
ignorance is rarely bliss in these kind
of Internet job scams people who get
caught up in online money laundering
schemes may be prosecuted to the full
extent of the law if they don’t take the
time to ask reasonable questions about
propositions like whose offshore account
am i transferring money into exactly and
where is this money coming from the
moral of the story is if something
sounds too good to be true then that’s
probably the case am i an innovator
my genius thank you for a swing back
sheet come on number one digital
currencies are likely the future of
laundering how do we get paid with a
totally untraceable digital currency
that we can exchange for real US dollars
whenever we want laundering techniques
are constantly evolving and the rise of
digital tech
LG has insured this to be especially
true in 2009 Bitcoin was introduced and
gave widespread attention to digital
currency for the first time in history
what differentiates Bitcoin from your
typical online transactions is it has no
centralized Authority the drug lord was
laundering money in an offshore account
all you have to do is find the offshore
account while bitcoins on the other hand
have numerous miners or freelance
accountants if you will
handling the necessary day-to-day
computations nevertheless authorities
are continuously finding new and
innovative ways to crack down on dirty
money
so don’t go putting your ill-gotten
loonies and toonies into bitcoins just
yet so what do you think about all this
I can’t believe what a bunch of nerds we
are we’re looking up money laundering in
a dictionary
what Heisenberg’s still be able to sell
meth in the age of Bitcoin it’s not sell
it out yes it is Jesse for more make it
rain top tens and blow up in your face
top fives be sure to subscribe to
watchmojo.com
and an entire underground industry
dedicated to scrubbing it clean it is
now golem dude
welcome to watchmojo.com it we’re
counting down the five most interesting
things about the illegal yet tantalizing
world of money laundering I don’t know
what means I was hoping you knew I think
think coke dealers do okay all right do
we know any coke dealers my cousins a
cokehead
number five money laundering has three
basic steps to conceal the source of
money as by channeling it through an
intermediary to come to the source one
doesn’t really help us Mike okay let’s
just say you’ve made millions of dollars
by betting on unsanctioned moose fights
or dealing knock off Wayne Gretzky
rookie cards but how do you enjoy your
newfound wealth without the Mounties
getting wise to you that’s money
laundering 101 the first and most risky
stage of wandering involves placing
dirty money in a financial system it may
come as no surprise that depositing a
million in unmarked bills into your
neighborhood bank may raise some red
flags so this takes some creativity but
more on that later
next comes layering where the launderer
hides their tracks through an intricate
series of techniques that obscure the
money’s history in the event of an audit
finally comes the fun part the
integration stage where dirty money has
been scrubbed clean and may be used to
freely purchase gold-plated ski-doos
platinum hockey sticks and hi-tech
apology factories number four
there are many placement strategies
that’s how you launder a hundred million
dollars in cash our personal favorite is
the blending of funds or the Walter
White as we like to call it I’m in the
Empire business the strategy involves
purchasing a business and subtly
blending illegal funds in the daily
balance sheet over a long period of time
you’ll be in charge of laundering hmm
I’ll start looking for a laundromat why
money laundering you asked oh you mean
as a front because a laundromat is a
cash based business another popular
placement strategy is smurfing where
Smurfs as they’re called make deposits
in multiple
bank accounts to avoid suspicion blue
body paint optional no I’m afraid I just
blew myself
finally there’s bank complicity where
crooked bankers do all the work for you
making the illegally obtained money
legitimate through series of financial
gymnastics if the US Justice Department
Santas a subpoena it will become popular
with it we will wipe our ass with it
placement strategies are constantly
evolving making the detection of illegal
funds a continuous struggle leaving law
enforcement officials blue in the face I
feel like a idiot
number three money laundering is a huge
problem for the economy by nature of its
secrecy is difficult to know exactly how
much money is being illegally laundered
but the UN’s Office on Drugs and Crime
estimates anywhere from 800 billion to
two trillion dollars u.s. enters the
world economy on a yearly basis to put
that in perspective that’s up to four
times the revenue of Walmart the world’s
largest corporation on multiple
occasions high-profile companies and
individuals such as FIFA and Vladimir
Putin have been accused of involvement
and laundering schemes suggesting that
the rabbit hole may go even deeper than
we’d expected number two you can money
laundry from home in your spare time
okay all I did was I launder a half a
billion dollars in drug money okay it’s
true you can earn $10,000 a month
working from home all you need to do is
transfer money from individual to
individual without asking any questions
if this sounds a lot like money
laundering well that’s because it is
ignorance is rarely bliss in these kind
of Internet job scams people who get
caught up in online money laundering
schemes may be prosecuted to the full
extent of the law if they don’t take the
time to ask reasonable questions about
propositions like whose offshore account
am i transferring money into exactly and
where is this money coming from the
moral of the story is if something
sounds too good to be true then that’s
probably the case am i an innovator
my genius thank you for a swing back
sheet come on number one digital
currencies are likely the future of
laundering how do we get paid with a
totally untraceable digital currency
that we can exchange for real US dollars
whenever we want laundering techniques
are constantly evolving and the rise of
digital tech
LG has insured this to be especially
true in 2009 Bitcoin was introduced and
gave widespread attention to digital
currency for the first time in history
what differentiates Bitcoin from your
typical online transactions is it has no
centralized Authority the drug lord was
laundering money in an offshore account
all you have to do is find the offshore
account while bitcoins on the other hand
have numerous miners or freelance
accountants if you will
handling the necessary day-to-day
computations nevertheless authorities
are continuously finding new and
innovative ways to crack down on dirty
money
so don’t go putting your ill-gotten
loonies and toonies into bitcoins just
yet so what do you think about all this
I can’t believe what a bunch of nerds we
are we’re looking up money laundering in
a dictionary
what Heisenberg’s still be able to sell
meth in the age of Bitcoin it’s not sell
it out yes it is Jesse for more make it
rain top tens and blow up in your face
top fives be sure to subscribe to
watchmojo.com
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