How do businesses launder money?

I am a bit curious about how businesses successfully lauder transactions relative to the average revenue of the business.

  • user image

    No Name

    Take the following examples; if your corner store sells 1,000 dollars a day of materials, you can hide 100 dollars. But if you show an extra 100,000 in sales one day, and no less merchandise than you had before, it will get flagged. In another instance if you transact 20 million in cash every day, hiding $100,000 is easy but you can’t hide 200 million on a 20 million daily volume. Laundering just means getting it into the banking system without it being noticed plus getting it in in a way that is justifiable and tax clean. You also have to deal with questions of declarations and unexplained wealth orders, so it’s best to keep lifestyles low-key.

    2019.08.01 18:0

    Please leave your knowledge and opinion!

    Related Forums

    Can a foreign woman own a franchise business in Singapore without relocating?

    Missing item

    What did you do with your first salary?

    The mall gave me a huge discount

    What is the best way to rent an apartment with a roommate?

    Can I borrow money for the things I want to buy in the mall?