Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

That’s why generally speaking you don’t launder money by just soliciting input, shuffling some bits around, and then providing output.

You launder money by operating a tangential legitimate enterprise. So, to pick the humorous example: you open a laundromat called Bill’s Cleaning, and then ostensibly you have expenses and profits related to laundering clothes, but you pad your books with fake wash/dry cycles to cover your illicit in/out flows.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: