It’s about getting anonymous funds from God knows where into the right hands and cleanly into the US banking system.
Laundering money 101: it’s all about getting dirty money into the system, the rest of it (lost value, etc) doesn’t matter.
I work in finance and we see people try to take out $1M accounts with 10% early termination penalties (designed for institutions and VERY long term investors) and they will turn around and happily try to withdraw the funds a day later losing $100k. It’s all about getting the initial funds in the channel. Luckily, it rarely happens because we have safeguards....
Wait. How can he launder it? The art is gone and can’t be re-sold?
It’s about getting anonymous funds from God knows where into the right hands and cleanly into the US banking system.
Laundering money 101: it’s all about getting dirty money into the system, the rest of it (lost value, etc) doesn’t matter.
I work in finance and we see people try to take out $1M accounts with 10% early termination penalties (designed for institutions and VERY long term investors) and they will turn around and happily try to withdraw the funds a day later losing $100k. It’s all about getting the initial funds in the channel. Luckily, it rarely happens because we have safeguards....