The Basics
Money Laundering, is essentially the act of making money that comes from one Source A (illegal) look like it comes from another Source B (legitimate). It is essentially disquising the origins of money obtained through illegal activities so that it looks like it came from legal sources. This way the money cannot connect them to illegal activities and law enforcement cannot seize it.
The Process
The basic money laundering process can be done in three simple steps:
1) Placement - first you need to place the money into a legitimate financial institution, this is often in the form of small cash bank deposits. Since banks are required to report high-value transactions.
2) Layering - this step involves sending the money through various financial transactions to change its form and make it difficult to follow. This could be through bank-to-bank transfers, wire transfers, deposits and withdrawals, changing the currency, or purchasing high valued items such as precious metals, diamonds, or real estate.
3) Integration - this step involves the money re-entering the economy in a legitimate form of a legal transaction. This could be purchasing goods or services that actually do not exist or in the form of a ficticious loan to yourself from a third-party or to a third-party from yourself - which will never actually be repaid since it is really fake.
Different Methods
Structuring Deposits - also known as smurfing, this method involves breaking up large amounts of money into small deposits. In the United States this ammount must be below $10,000 or the bank will be required to report the deposit to the government and the IRS. With this method the money is deposited into one or more banks by multiple people (known as smurfs) or by a single person over an extended period of time.
Overseas Banks - it is also useful to launder money through various “offshore accounts” in countries which have bank secrecy laws or anonymous banking. A complex scheme can involve hundreds of bank transfers to and from offshore banks. Major offshore banking centers include the Bahamas, Bahrain, the Cayman Islands, Switzerland, Hong Kong, Antilles, Panama, and Singapore.
Placement: A series of separate deposits to a bank in Israel. On one trip, 12 deposits are made in a single day.
Layering: Before U.S. or Israeli authorities had a chance to notice the suddenly huge balance in the account, they had the Israeli bank wire transfer everything to Panama, where bank secrecy laws are in effect. From that account, Antar could make anonymous transfers to various offshore accounts.
Integration: They then slowly wired the money from those accounts to the legitimate Crazy Eddie’s Electronics bank account, where the money got mixed in with legitimate dollars and documented as revenue.
Shell Companies - are fake companies that exist for no other reason than to launder money. They take in dirty money as “payment” for supposed goods or services but actually provide no goods or services. They simply create the appearance of legitimate transactions through fake invoices and balance sheets.
Placement: They deposit cash from U.S. drug sales in Panama bank accounts.
Layering: They then transfer the money from Panama to more than 100 bank accounts in 68 banks in nine countries in Europe, always in transactions under $10,000 to avoid suspicion. The bank accounts were in made-up names and names of different people. They then set up shell companies in Europe in order to document the money as legitimate income.
Integration: The plan was to send the money to Colombia, where they would use it to fund numerous legitimate businesses.
Be careful with posts like this…Big Brother is watching you
I hate how the government leaches money off of hard working society and then wastes it on things such as wars and other ridiculous programs such as sending immigrants to our schools.
They can also always print more money in terms of “bail-out-programs” lowering the value of your hard earned money and those who provided loans to the government.
Mark my words, the next scandal won’t be corporate, it will be with the federal reserve secretly printing excess currency. When this scandal is uncovered no one will trust the American economy or markets and we will all be screwed!
I am waiting for that day. Fuck the government!
all you need to do is transport the money to cuba, grand cayman, or the bahamas and it’s good as laundered. aruba is another good country for that, the dutch love to break the law!
The best and easiest money laundering scheme is simply creating false loans either from or to another person and then have them make false payments. The money will either be seen as being borrowed or as a repayment from a previous loan.
Can’t this laundering process be traced as soon as the dirty money is deposited in the bank during the placement phase?
Forget all this, buy gold and bank in your back yard!!! A friend of mine does this, he came into some fed notes some time ago. He hates banks in the USA as he puts it they are nothing more than an extention of the federal governement. So he has a pile of gold and when he needs something he trades his gold for fed notes, just enough, and aquires what he wants. No reporting and no issues with the taxing authorities!~
You could take things a step further and actually setup an anonymous offshore account, however these bank accounts are not without heavy fees and high minimum balances. It would also be possible to setup a regular bank account offshore or overseas.
USA and Israel come top among countries dealing in money laundering and terrorism financing .
The world has suffered a lot by their atrocities and their financial treachery and financial disaster .
You have your facts FUCKING WRONG! The dirty, filty, animalistic arab and muslim nations are the ones financing terrorism.
Syria, Lebannon, Egypt, Iran, Jordan, Iraq, Afghanistan, Pakistan, etc are the countries which foster terrorism. These nations thrive on killing their own people.
The world won’t be free of these dirty muslims until they stop using oil and the arabs have no other way of financing their terroism and end up dying in the desert due to starvation.
Dear brothers in humanity , I love you all ladies and gents ,from all countries without exceptions , you are great ,Good luck for you and good health :
Palestine is the country of Palestinians since 10000 years . The Palestinian City of Jericho is the oldest city on earth , before the Jews were born . It is not for Jews at all , never , never , never . Jews came and gathered from more than 150 countries and occupied the land with the help of British and European Colonialists for many strategic reasons This is the true fact . If somebody wants to change this fact , let him go to hell . The Wailing Wall Of Jerusalem was built by Ottoman Empire since 300 years back and it is not built by the Jews who are always telling false information and claiming it allegedly . Jews are considered the masters in changing the facts because the media is within their hands . Jerusalem Was the capital of Palestine before the illegally migrated Jews entered Palestinian territories without the permission of Government of Palestine in 1923 , coming from Europe in large numbers . Jerusalem is the capital of Palestinians now and then . These people always like to lie on others and deviate their proper thinking and wash their brains . This is the job of Jews anywhere and everywhere . They say that they are Semites but most of them are of Indo-Aryan origin. Original Jews have no blond hair at all . They look like middle eastern people . The original Jew has wheat-colored or brown complexion and others are black . Only European races have blond hair .
Jews do not have a single trace of any heritage or ruins or artifacts or relics or cultural background in Palestine . They were nomads traveling from country to country .
There was not a single legal Jew in Palestine since 1923( during British Mandate ) . In the year 1900 ,Every country has Jews except Palestine.
They have destroyed the land , demolished thousands of buildings , dismantled tens of thousands of old olive trees ( 1000 years old ) , arrested and imprisoned 12000 Palestinians , killed thousands of children and women and elderly Palestinians , destroyed and occupied hundreds of Palestinian houses of worship , confiscated the whole country and since 62 years of Jewish occupation , there is no peace at all in Palestine . They destroyed 530 Palestinian towns completely . All Jews now are staying in the houses of Palestinians under the threat of arms .
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