this post was submitted on 02 Mar 2024
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me_irl
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Laundering money is usually mixing dirty cash with clean cash. So you have legit business(es) in a busy area, and you inflate the 'real' income with the 'dirty' cash. Now you've paid taxes on the dirty cash (and can put it in the bank).
oh. yeah, that makes sense! Thank you for the money laundering crash course :D
No problem. The best types of businesses for this deal with a lot of cash, and are ideally service-based. If you are selling goods, then someone could investigate and find that you aren't buying enough supplies to account for your sales. For laundering millions, real-estate and fine art are popular, since you can buy it cheap, and then inflate it pretty arbitrarily, and sell it (to yourself or a coconspirator) for a huge 'profit'.
kind of explains the art market :D