(Roughly) Daily

“Goodness had nothing to do with it”*…

 

“Restaurants are a classic way to move money,” says Kieran Beer, chief analyst of the Association of Certified Anti-Money Laundering Specialists. Beer adds that pretty much any cash-intensive business can be used to launder money — laundromats, used car dealerships, taxi services — but restaurants tend to crop up again and again in money laundering cases…

“In basic terms, money laundering is when a business has ties or connections to organized crime and suddenly starts to book incredible — or even normal — sales,” says Beer. “That’s what criminals want to achieve — take dirty money from drugs or human trafficking or another criminal endeavor, and put into the system to make it look clean. Then, they can buy homes and cars, and it looks like the money was made legitimately.”…

Cleaning dirty money along with the dirty dishes: “How Do Criminals Launder Money Through a Restaurant?

* Mae West

###

As we think about tipping, we might recall that it was on this date in 1989 that the Treasury Office of the City of Paris confessed to a computer glitch:  41,000 Parisians with outstanding traffic fines had been sent official notices charging them with major criminal offenses– murder, extortion, prostitution, drug trafficking, and other serious crimes.  For example, a man who had made an illegal U-turn on the Champs-Elysees was ordered to pay a $230 fine for using family ties to procure prostitutes and “manslaughter by a ship captain and leaving the scene of a crime.”  The City subsequently sent letters of correction and apology.

 source

 

Written by LW

September 6, 2016 at 1:01 am

%d bloggers like this: