why so many ah beng hp shops, nail salons, massage shops, laundromats, fruit stalls like no biz but can cont one ah
Quote from: Imboredtodeath on May 30, 2025, 01:23 AMwhy so many ah beng hp shops, nail salons, massage shops, laundromats, fruit stalls like no biz but can cont one ah
ai said:
Channels of Money Laundering
Money laundering involves several channels to disguise the origin of illegally obtained funds and integrate them into the legitimate financial system. Common channels include:
Real Estate Transactions: Criminals can buy property at inflated prices or invest in development projects, making it difficult to trace the origin of the funds due to the complexity of the property market and the ability to transfer ownership.
Cash-Intensive Businesses: Businesses such as restaurants, laundromats, and entertainment venues that handle large amounts of cash can be used to mix illegal cash with legitimate business earnings.
Cryptocurrency: Digital assets like Bitcoin can be used to layer transactions and cover up the origin of funds derived from criminal activity. Techniques such as "mixers" and "tumblers" break the connection between the sending and receiving addresses, making it harder to trace the money.
Casino Junkets and Online Gambling: These platforms can facilitate the laundering of funds through app-based channels, as seen with operations like Huione in Cambodia.
Money Mules: Individuals recruited, often unknowingly, to transfer illicit funds between accounts, sometimes across borders, using personal or corporate bank accounts.
Shell Companies: Inactive companies or corporations that exist on paper only can be used to disguise the source of funds.
These channels allow criminals to convert illicit funds into seemingly legitimate wealth, making it challenging for law enforcement and financial institutions to detect and prevent money laundering activities
Quote from: Tuna seng on May 30, 2025, 11:22 AMtiagong bill gates launder through his own charity
ppl buy art for millions u really think they artistic?
Ya i also know. I just feel. In life cannot be too nice and many of such schemes running under the surface.
If we want to get rich and successful must stop sticking to principles and be evil