Posted on 04/23/2016 2:40:34 PM PDT by Rockitz
Edited on 04/23/2016 2:51:55 PM PDT by Admin Moderator. [history]
The form 104 alerts them to the fact that a large sum of cash/bills has been moved.
They will look into the transaction that produced the large sum of cash (buyer and seller) until they are satisfied that it is legit.
“The piddling “campaign donations” to Reid are nothing more than a smoke-screen to hide millions in kickbacks and a “cut of the action” from the zillions in tax dollars blanketing these “green outfits”.....which exist only to con tax dollars.”
Exactly. Whenever I’ve seen a donation to Reid of this sort, it’s an indicator of a much bigger payoff somewhere else. Casinos are also great for money-laundering in conjunction with offshore banks.
This is a good read on that:
Money Laundering: Methods and Markets
Four methods of money laundering—cash smuggling, casinos and other gambling venues, insurance policies, and securities—are described below in some detail. A number of others that may be of importance are listed in box 3.5
Regarding the mention of a Chinese person paying for real estate transactions in cash, I have a Chinese friend who did that, too--freaked the real estate agent out when he announced he was paying in cash, lol. Chinese communities often employ their own supplement to Western banking systems called guanxi, which amounts to a point system based on favors:
For the most part this is used for non-criminal purposes, but when used in conjunction with money-laundering techniques, guanxi can be very effective for hiding cash flow.
Poker chips, fake invoices and art: How China’s elite illicitly move money out of the country
Insiders say hot dog carts are money laundries.....they “say” they sold so many hot dogs when the actual sales were far lower.
Violent drug gang laundered money through hot-dog stand
Reminds me of the Pizza Connection:
"The trial centered around a Mafia-run enterprise that distributed vast quantities of heroin and cocaine in the United States, and then laundered the cash before sending it back to the suppliers in Sicily. The U.S. defendants utilized a number of independently owned pizza parlors as fronts for narcotics sales and collections – hence the name “Pizza Connection”. Evidence at the trial proved that the enterprise shipped no less than $1.6 billion of heroin to the U.S. between 1975 and April 1984."
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