Money laundering help

I was eating a meatball sub and some sauce fell on my $20 bill. Any tips on how I can clean it? I don't wanna carry around a stained bill

A damp paper towel or a baby wipe or something like that should do the trick

no i will stand against money laundering

bank go get new bill

Common Money Laundering Methods
Money launderers typically use methods to avoid detection and hide the real sources from where their money actually comes. Some of the most common methods are smurfs, mules, and shells, which are outlined below.

Smurfs
Contrary to what you may believe, this doesn't have anything to do with the classic children's cartoon. Smurf is the term used to describe a money launderer who wants to avoid government scrutiny. They do this by using the placement, layering, and integration steps to hide the money. Large sums of money are deposited in different banks using smaller transactions.

Financial institutions are required to report large deposits that exceed $10,000 or those they deem suspicious to financial regulators and authorities. By depositing smaller amounts of money or smurfing, money launderers are able to go under the radar and make it look like the money they deposit is legitimately sourced.

Mules
Mules are individuals who are hired by money launderers to help carry out their laundering schemes. Money mules are just like drug mules, who may be in on the scheme or may be recruited unknowingly. But rather than smuggling drugs, these individuals carry money.

People who are recruited are usually approached by money launderers and often don't have any knowledge of the scheme. They may be enticed by being promised jobs that pay large sums of money in return. Criminals often target people who usually fall under the radar, including those who don't have a criminal record or the financially vulnerable.

One of the mule's responsibilities is to open up bank accounts and deposit the illegal money into them. Money launderers then begin making wire transfers and using currency exchanges to move the money around the financial system to avoid further detection.

Shells
Shells or shell corporations are companies that don't have any business activity or operations, physical operations, assets, or employees. Many shells are legitimate business entities that are used to raise money and fund the operations of a startup company or to manage a merger or acquisition.

But other cases involve the creation of shells by fraudsters who want to hide illegal activities and/or avoid paying taxes. Many individuals do this by setting up shell companies in jurisdictions that guarantee anonymity, allowing them to make deposits and transfer money into different accounts. Shells also allow people to avoid reporting income and paying taxes to authorities like the Internal Revenue Service (IRS).

Gambling/Casinos
Using casinos for money laundering leverages the high volume of cash transactions and the relative anonymity of the players to disguise the origins of illicit funds. Criminals buy chips with dirty money and engage in minimal gambling activity, often choosing low-risk bets to avoid significant losses. After spending a small amount on the games, they cash out their remaining chips. Since casinos provide winnings in the form of checks or direct bank transfers, the funds appear to originate from legitimate gambling activities.

For example, a money launderer might purchase $100,000 worth of casino chips using illicit cash. They then spend a small fraction, say $10,000, on low-risk games. Afterward, they cash out the remaining $90,000 in chips. The casino processes this cash-out by issuing a check or making a bank transfer, effectively integrating the illicit funds into the financial system.

Cryptocurrency
The use of digital currencies and cryptocurrencies for money laundering exploits the decentralized and often pseudonymous nature of financial systems. Cryptocurrencies like Bitcoin enable users to move money across borders quickly and with relatively low fees. The blockchain technology underlying these currencies records transactions transparently but often does not directly link them to personal identities, making it challenging for authorities to trace the origins and destinations of illicit funds.

In practice, a money launderer might purchase Bitcoin using illicit cash. They can then transfer the Bitcoin through multiple digital wallets, further obscuring the transaction trail. After moving the funds through several intermediaries or using mixing services that pool and redistribute transactions to enhance anonymity, the launderer can convert the Bitcoin back into fiat currency in a different country with more lenient regulatory oversight.

Cash-Intensive Businesses
Money laundering through cash-intensive businesses involves using establishments that primarily deal in cash to mix illicit funds with legitimate income. These businesses are ideal for laundering because their high volume of cash transactions makes it easier to blend dirty money with clean money, reducing the likelihood of detection. If you've seen the television show Breaking Bad, you can imagine why Walter chose a laundromat as his business.

To launder funds, the launderer can inflate daily revenue figures to include the dirty money, which is then deposited into the business’s bank accounts as legitimate earnings. The company's financial records simply record the illicit funds as additional revenue. This method effectively integrates illicit funds into the financial system under the guise of normal business operations, making it difficult for authorities to distinguish between legal and illegal income.