Archived: Money laundering

[J-Mak]

Hey i am interested in learning how to launder money.
I have a plan and i want to discuss it, along with hearing other peoples ideas.
If you have an idea I would love to hear it.

I will not discuss my idea on zok, but pm if you have MSN,
if you have experience with Money laundering, I would love some advice on this.

Thanks in advance.

[Syphilis]

The simple method is to transfer money between bank accounts. Foreign accounts are best, since that way the authorities in your own country would have to work with the foreign agencies to follow the trail, which isn't likely to happen, unless your first name is Osama and you last name is Bin Laden.

Look it up on wikipedia.

[Vox Ducis]

The choice of the method(s) you need depend(s) on several factors :

1°) Small or large amounts ?
2°) Regular or not ?
3°) Cash or not ?
4°) Are you going to spend all you get or save some ?

[SLIM]

Syphillis got the main idea of it.

Offshore bank accounts are often used by rogue tradesmen, drug dealers, everyday con artists, and your everyday person who just wants to avoid getting taxed; if you're living in the UK, is very understandable. To get around paying income tax most rogue tradesmen set up an offshore business and invoice the local company from there. They have instant access to their funds through a debit card or ATM card (preferred choice). This is how they also can still get huge money coming in from the monekys that are working for them back in the UK. This is why many rogue tradesmen often get out the country once they have enough money and are financially stable.

Also I stated in one of my old 419 files that you can pay couriers to open accounts for you, it is true but you have more of a link back to you if ever shit hits the fan, because the courier is just one other person in the know about it other than you and the bank.

They pass it through a number of bank accounts and each bank account has a seperate purpose of its own.

The pass through account is the account that your clients will know about and what you'll get paid into and also the account that is used whenever you pay somebody. This account isn't as important, although it should still be set up in a jurisdiction where there is banking privacy. As I explained in the old 419 scamming guide swiss bank accounts no longer have the same privacy factors due to law changes. Also stay FAR away from the cayman islands, these have been on the IRS watchlists a long time. Mexico, spain and hong kong accounts on the other hand are okay, as are most carribean places. Antigua with the Barrington Bank should be taken as a place of interest for offshore accounts.

Another account for you to have will serve the purpose of stashing your money in it. It should be in a stable jurisdiction with a stable banking establishment. You can have various other accounts open as well but small timers only usually have 3 (well only 1 of the 3 purposes for the different accounts anyway), so you should have atleast one buying and spending account where you'll be able to draw out at the ATM with a visa or mastercard. The main purpose of the spending account is for untraceable access to your funds, without wire transfers.

The 1st account for receiving payment and sending payments would hardly ever have any money in it for long.

It's all about the purpose each account serves that will get you your best use out of them.

The thing with these accounts is the only account that will constantly have money in is your stash account. The only account they'll know about will be the first account, and even if worst comes to worst you'll see your account has been frozen and you'll know to start withdrawing. Assuming your stash account is in a diff country to the 1st account the process to try and get that account frozen will have to be restarted and they'd have to pressure the bank.

Also you can put your stash account under a corporate name. They'd never know which was a legit supplier. That is if it ever came to finding it anyway, they'd still have a hard time getting a bank to release the funds.

It's all about diversions.

Look around in carribean districts and for carribean banks in your local area for the upmost banking privacy.

This is all the info I will give to you, you're on your own for finding your banks, I've already gave you a good one to check out however.

This is more or less the whole idea to laundering anyway; creating a diversion.

[J-Mak]

I thought that off shore bank accounts have become pop culture.
Arn't they too commercial to be used?

My plan involves spending the money as soon as it hits my fake bank account, the one i think is going to be shut down.

Buying items with the money, picking up the items and selling them..

eg.
I get transferred $500.
I buy a $500 laptop.
I sell $500 laptop.
I get $500 that is accountable for.
Above statement is a funny joke

[SLIM]

Originally Posted by J-Mak

I thought that off shore bank accounts have become pop culture.
Arn't they too commercial to be used?

My plan involves spending the money as soon as it hits my fake bank account, the one i think is going to be shut down.

Buying items with the money, picking up the items and selling them..

eg.
I get transferred $500.
I buy a $500 laptop.
I sell $500 laptop.
I get $500 that is accountable for.
Above statement is a funny joke

Of course they're known about more widely, but the privacy still applies to some of them, and it's still a hassel for them to get the banks to release the funds. You'll have to do some asking around some banks on their terms. If you have an ATM card to cash out whenever then you're good to go. There's an extra fee most of the time but that's nothing compared to the amount of tax they expect you to pay.

[Mel "fuck kikes" Gibson]

How about copping casino chips, then cashing them in, less then $10,000 at a time?

[Darkhunter]

Why not use a legal job to launder money? I have two-three years of college left depending if I go full time or part time and I have thought about this long and hard and I have decided to file for a Private investigator license. When I graduate college I will have a degree in Criminology.

All you do with a PI license is look into cases and get paid on an independent basis. So I make up people, forge an ID number if they are required to fill out forms (Don't know and if anyone does please inform) and give myself a nice salary of around 80 grand a year.

All I have to worry about are real people wanting cases. I could do real cases and I plan on doing a few real cases a year to keep up appearances.

TL;DR: Get a job the lets you file as an independent contractor so you can make up the job and can also file for income taxes if you want to.

[Syphilis]

Originally Posted by slim-ov-derby

To get around paying income tax most rogue tradesmen set up an offshore business and invoice the local company from there. They have instant access to their funds through a debit card or ATM card (preferred choice). This is how they also can still get huge money coming in from the monekys that are working for them back in the UK. This is why many rogue tradesmen often get out the country once they have enough money and are financially stable..

Possibly a dumb question, but:

How would you set up an offshore bank account? It would be done by opening an account with a foreign bank from inside the bank's native country - am I right?

[grayboy]

Set up tow companies, one over here and one abroad

[SLIM]

Originally Posted by Syphilis

Possibly a dumb question, but:

How would you set up an offshore bank account? It would be done by opening an account with a foreign bank from inside the bank's native country - am I right?

You can get application forms online from banks now.
They'll require scans of a Utility, Passport and/or banking statement (easily faked).

Back in the day most used to send couriers to open them up, it's not advisable as that's one other person besides you and the bank that knows everything.

Or of course you could just travel to the country and set an account up; this is no longer needed with use of the internet giving availability to application forms that can be mailed to the bank. Checdk them out for their terms as well and if visa cards are available and if there are any additional charges.

You should select a password when you send your application in as well and label this clearly as your password.

I'll actually go more into setting up an offshore corporation later when I have more time to do so.

[SLIM]

http://www.company-express.com/
http://www.free-of-tax.com/

The best bet is getting it all set up through a lawyer in the country you want to set the company up in and get them to act as a registered agent; it's cheaper and more secure than any of the online offers, although they're quicker.

I can't be bothered posting or finding out the terms of this for each jurisdiction as it'd tae too long, you'll have to find all of this out through the lawyer in the country you're setting the company up in.

I don't recommend setting up a business in the UK, whether you're a resident or not. Reason being you are automatically liable to pay tax if you've spent 183 days in the UK, even if it's from just short visits.

http://answers.google.com/answers/th...id/745605.html
http://www.americanexpats.co.uk/taxes.htm

this is why once rogue tradesmen have enough money they go off to spain or any other country and not only con over there but also have people in the UK conning for them also while they run the business offshore in another country.

It's a huge on going business.

The UK is shit, get out as soon as possible so you can make some real money and never turn back. I plan to once I go in the airforce for 6 years, I won't be coming back to pay taxes on these immigrants, many of which are illegal.

[Capone's evil clone]

now adays its easy,
make a paypal account and have a friend make one or make a fake one.
sell something on ebay for the amount of money being laundered(or if its big do this a bunch of times, the item doesn't have to be real so an antuiqe would be good to launder alot of money.
then tell your friend or go on your fake paypal and buy the fake item
tada you have a recipet with the amount of money you have.
officer: "where'd you get all this money"
you: "oh i sold something on ebay"

OR
if you want to trade bills for other money (like scared of the ID number on the bill)
change machine my friend although this could take a long time so get friends to help and go to different arcades and pop/snack machines.
then just coinstar them or take them to a bank and say that you save up your money in a coffee can. (agian if its, like, a million dollars do this with friends and differnt coinstars or do it in proportions)

[SLIM]

Let's get some more ideas in here; bank accounts aren't the only way of laundering money.

A classic with the scam baiting is to get the cheques written into the name of a person you plan to buy something else from online. Make sure you get the difference as well as the item sent. Someone else has just laundered the money for you.

This isn't limited to scam baiting nigerians, you can get people to send you legit cheques for an item or a "deposit" for it and written out into the name of the person you want to buy an item from. You could do it for gold coins (bars have serial numbers) and it's laundered fully then with no link back to you.


I've looked into rough diamonds lately and thought of an idea for laundering. Get legit (recommended) or steal all of your certificates and set up a cutting and grading business and jewellry shop. Give the dirty money to someone in your team and have them buy the diamonds from you so that you get your money back as if it was someone else's. I don't exactly know how the Mafia does it in Antwerp, but that's mainly with stolen diamonds.

Thoughts and suggestions on that idea?
Seems too much if you're not into diamonds and it'd be more practical to stick with the bank accounts.

[Clue]

I heard the idea of laundering is replacing your illegal money with legal money.

[shamanpanda]

In US law it is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property.

[laber_one]

I'd of thought a good way of laundering money, would be through opening a business or shop that deals primarily in cash. Something like a barber shop would be at one of the spectram as, who pays for a haircut on card? You could within reason fill the till everyday with thousands, walk across the road to the bank. Declare it, and because you own a barber shop they wouldnt batter an eye. As the industry is purely cash based. And obviously people like the mafia would launder it through casino's etc.

[Malice]

Originally Posted by laber_one

I'd of thought a good way of laundering money, would be through opening a business or shop that deals primarily in cash. Something like a barber shop would be at one of the spectram as, who pays for a haircut on card? You could within reason fill the till everyday with thousands, walk across the road to the bank. Declare it, and because you own a barber shop they wouldnt batter an eye. As the industry is purely cash based. And obviously people like the mafia would launder it through casino's etc.

Any opinions on this?

It seems that it'd be easy and the IRS would have no way to verify anything, but I only know the basics of tax procedures.

[Clue]

Originally Posted by laber_one

I'd of thought a good way of laundering money, would be through opening a business or shop that deals primarily in cash. Something like a barber shop would be at one of the spectram as, who pays for a haircut on card? You could within reason fill the till everyday with thousands, walk across the road to the bank. Declare it, and because you own a barber shop they wouldnt batter an eye. As the industry is purely cash based. And obviously people like the mafia would launder it through casino's etc.

Seem like it would be better to know someone with money and a business to swap it. And like this guy said, any business that operates on a cash basis, such as taxis casinos etc.

Or get yourself a pasty to shuffle it around.

[i poop in your cereal]

Set up an internet cafe where you also sell all kinds of stupid shit, and make sure to frequently change the prices of everything including using the PC's.

Channel illegally obtained cash through the business; Slowly.

[hotbod]

the above posts about offshore banking isnt laundering its just hiding it doesn actually clean it

a family member told me this

the easiest way to launder money successfully is through an all cash legal business such as a restraunt, etc.

another more complicated way the mafia, hellz angels, and other local OC do it is through fake loans. they set up a legitimate satellite finance company which is run by legitimate law biding citizens and except 1or 2 people at the top that actually takes orders from the OC group.

and what they do is make anonymous dirty cash deposits into the satellite finance company. and this company makes seemingly legitimate loans to the OC group but the catch is that the criminal never pays back the loan but the company records it as them paying it back. and that makes the dirty filthy money into squeeky clean money. this company also makes legitimate loans to legitimate business men to make the company credible.

another way is through real estate but im not exactly sure how that