Large scale money laundering

[HewHiSt]

I would like to learn more about money laundering in large quantities

What techniques do launderers use ?
Which companies do they invest in ?
How do they get bank accounts with the cash in it ?

I know many cartels go to Dubaï and give their money to trust company, but how do trust company launders the money

 

[HustlerFox]

open a bank account on a false name it's easy, if you dig in the forum there is also a tutorial, just check it out

 

[The-Hive]

Not always I had a fake bank account and they sized my money was only Couple of grand, they wanted evidence of where the money come from and the person’s details that’s sending it Tuck me 6 months to get it back to normal closed the account after that stick to BTC

 

[DaxUK]

Read my thread

 

[TheWaterman]

I think he means making it appear completely legal. There are many tricks. My friends dad buys a car every month and sells it after 30 days. He also has a personal hookup with one of these gift card markets where he buys a few hundred racks of gift cars and sells them back to the guy minus 3% gets a receipt and whole 9 yards. He does allot of crypto and day trading bleeds it off like 10% a month and it’s all legal when he’s done.

 

[Jorg]

Find rich ppl, give them dirty cash for them to invest their legal money into your company. For example give them 50k so they invest 40-45k from their bank acc into your company. Now you have legal company fully paid off. Then open some kind of cash only company like laundromat,fast food,pizza,car wash and make fake invoices or receipts.

 

[SoldadoDeDrogas]

Business that can't be audited - laundromats are good. Tanning salons. Massage parlors. "Selling art" is another good one - the value is intrinsic or subjective, in other words, the product is unique and costs whatever the buyer is willing to pay. Painting studio, or various crafts. Music even.

There is a dark net forum called 'Dread' that could probably tell you everything you would want to know. I have not spent any time there, but I have a friend who swears by that site.
Full of useful info for people "like us".

 

[miner21]

I think a big thing is to have a legal company you can clean your money though. So you have a mediocre business (car wash). It doesnt make a lot of money, but you can put some of your illegal money into it and call it profit

 

[HustlerFox]

@miner21 it can be really really more easy, create your own nft and then buy them with your monero. You don't have to switch your crypto in cash and you don't have to open some type of company. You will pay taxes on your profit from your nft and you will have laundered your money.

 

[miner21]

I forgot about NTFs. Are those still a thing? I know they died in popularity when crypto dropped. Are they back?

 

[HustlerFox]

@miner21 yes, they have less popularity than years ago but they are still running and a good market

 

[miner21]

I will have to look at those again. I got a couple when they first started and forgot about them. Maybe I'm rich!! Haha