Obvious money laundering schemes

FoldingStars said:
Do you not have to get paid out the same way as you place the bet? So if you pay with cash then your payout is in cash, unless over a certain amount then it's a bank transfer for your own safety so you aren't walking around with £20k in your pocket after somebody watched you go crazy in the bookies.
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This. If it wasn’t you could just buy £10k worth of casino chips for cash, have a couple beers at the bar then go back to the desk and have them paid to your account.

You can’t even overpay your utility bills by too much without running the risk of being reported
 
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RestlessNatives said:
Had to laugh at this story the other day when the bloke had apparently turned his life around by running three legitimate businesses. :lol:
www.chroniclelive.co.uk

Salon owner jailed after going back to drug dealing during lockdown

Peter Greenhill, of Great Park, who has been jailed three times previously for drugs offences, was caught dealing 'wholesale' quantities when police infiltrated EncroChat
www.chroniclelive.co.uk www.chroniclelive.co.uk
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I always wondered when I’d see that particular charmer again. He was up for perverting the course of justice while he did his stretch in Durham nick last time - someone nobbled a witness in a gangland burglary case. Just happened that the first witness for the prosecution in his case then completely changed her testimony on the first day of the trial. What were the chances of that?

Shocked to learn that his sincere attempts to go straight have fallen apart. Just when he thought he was out…
 
redandwhiterob said:
Operating in plain site

Barbers
Car washes
Vape shops
These little mini markets that are popping up all over nowadays (tend to be Eastern European)

Any more?
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Barbers have been around for ages, some of the money laundering schemes I have been to in my younger days weren't doing too well out of it, Woodbines seemed to be the key pleasure. Will you be mentioning this the bext time you get your tonsure trimmed?
 
Jabberwocky said:
This. If it wasn’t you could just buy £10k worth of casino chips for cash, have a couple beers at the bar then go back to the desk and have them paid to your account.

You can’t even overpay your utility bills by too much without running the risk of being reported
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They used by pay by cheque if it was a big win or come back the next day if you demanded cash. Pretty sure they'd prefer to pay by card if you were getting a grand or so.
 
FootballMR said:
A Tenner…. Where you getting your haircut
? …… 2017?
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Bloody well reet anarl. I’d nivver paid ower £10 for a haircut until C19 come along. Me and the Mrs butchered it between us during lockdowns. Now it’s £20 in all of the half dozen shops I’ve been using for the last six years.
 
Qwerty said:
They used by pay by cheque if it was a big win or come back the next day if you demanded cash. Pretty sure they'd prefer to pay by card if you were getting a grand or so.
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As long as you paid on your card to buy it. It’s the paying in in cash and cashing out by card that’s the dodgy action. Mind you, I’ve never bet more than about £15 in a casino so I could be talking shite but would seem to be a big gap in AML legislation
 
Jabberwocky said:
This. If it wasn’t you could just buy £10k worth of casino chips for cash, have a couple beers at the bar then go back to the desk and have them paid to your account.

You can’t even overpay your utility bills by too much without running the risk of being reported
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You don't need it paid into your account though. If you have the evidence of where the cash has come from (bookie slip / receipt showing that you won the bet) you can just take the cash and pay it into your account.

There's nothing showing how much cash you've pumped into a fixed odds betting terminal to get the £x,000 of winnings you have pulled out of it.
 
Jabberwocky said:
This. If it wasn’t you could just buy £10k worth of casino chips for cash, have a couple beers at the bar then go back to the desk and have them paid to your account.

You can’t even overpay your utility bills by too much without running the risk of being reported
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Have you seen Hell Or High Water the modern western fillum? Best fillum I’ve seen this century.
 
Second hand car dealerships and leasing companies are full of this stuff. Recruitment agencies another one. Not as 'obvious' as an empty barbers, but that's sort of the point
Jon Dough said:
I won a few quid not so long ago, I asked for half cash half paid into my account,they paid no problem.
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Hell of a win for a man I'm sure I've seen claim he doesn't gamble!?
 
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NYMackem said:
You don't need it paid into your account though. If you have the evidence of where the cash has come from (bookie slip / receipt showing that you won the bet) you can just take the cash and pay it into your account.

There's nothing showing how much cash you've pumped into a fixed odds betting terminal to get the £x,000 of winnings you have pulled out of it.
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Only so many times you can get away with it over the counter before you raise suspicion though. If you keep getting g flagged in the activity monitoring system the bank is likely to close accounts
 
RestlessNatives said:
Had to laugh at this story the other day when the bloke had apparently turned his life around by running three legitimate businesses. :lol:
www.chroniclelive.co.uk

Salon owner jailed after going back to drug dealing during lockdown

Peter Greenhill, of Great Park, who has been jailed three times previously for drugs offences, was caught dealing 'wholesale' quantities when police infiltrated EncroChat
www.chroniclelive.co.uk www.chroniclelive.co.uk
Click to expand...

Reckon he doesn't look like a qualified beauty therapist like?
 

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