Re:How to Hide $400M
by mistermann on Thursday December 01, 2016 @02:37AM
(#13077876)
"the easiest way to launder money is to run your own bank."
What is this, I've never heard of it? Are there significant benefits?
>What is this, I've never heard of it? Are there significant benefits?
Nobody to block your transfer and freeze your accounts simply for the reason you look suspicious and you are suddenly transfering a 10 digit sum to a *stan country.
And even if a higher tier bank with whom your own bank has a correspondent account will bother to intervene (which is highy, highly unlikely), you and your moneys will already be far away from the sphere of influence of the civilised world thanks to the fact that transaction settlement is nearly 100% automated and instantaneous for top tier banks.
"Surprise" billionaires are popping out of Eastern Europe/Israel/Russia/Russian concessions every year.
The guy who ran ebanners/advmaker was said to have lost $1.3bn when Cyprus seized deposits. Before he filed the case against the bank, nobody ever knew of the guy.
They are very good at hiding cash. All those dumb banking AML rules are kinda useless as the easiest way to launder money is to run your own bank.
Just back in 2013, ads for sale of "1 day banks" in UK/Ireland/Delaware/Cyprus were openly published in Russia's number 1 business magazine.