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Old 06-24-2016, 06:42 PM
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Lemur866 is offline
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Location: The Middle of Puget Sound
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Quote:
Originally Posted by DrDeth View Post
Yesbut this really isnt the best way as you then have to pay all sorts of taxes on the income. Crooks dont like paying taxes.
If you don't want to pay taxes on your income, you just keep it as cash.

The whole point of money laundering is to convert cash into real electronic money that can be used to buy expensive stuff. You can only buy so many things in this life with cash, for the rest you need hard money, which means money in a bank account.

So the money launderer needs to pay taxes on the laundered money, otherwise it isn't laundered money, it's still dirty money. That's the whole point, to convert dirty money into clean money.