How Money Laundering Really Works 😅

Money Laundering Mechanisms - Criminals cannot directly spend stolen money due to traceability [1] - Money laundering involves mixing illegal funds with legitimate business income [1] - Businesses like empty shops generating $10,000 per week or car washes with inflated activity are used for laundering [1] - The goal is to make dirty money appear as legitimate profit [1] Industry Implications - The industry should avoid shady businesses potentially involved in money laundering [1]