Quote:
Originally Posted by GeoPoto
Perhaps they mean more like an alternative to secret off-shore accounts (assuming such things still exist). Once the money (post laundering, if appropriate) buys the card, the asset can be conveniently retained at a safe/secret location and perhaps beyond the reach of prying tax authorities, court judgements, ex-spouses, creditors, etc. Obviously the act of purchasing the card should create some trail, but over time the card may be easier to "hide" (or "liquidate") than bank/securities accounts. The card could also be used to pay for services on the "barter" economy.
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That's not how money laundering works though. Money laundering is a system devised to conceal funds. The object is to illicitly pay for something from a vendor, which is actually a shell company you also own, and then through a series of transactions with other shell companies you own, the money comes back to you in a legitimate way.