Education

How to Launder Money

Have you ever wondered what money laundering actually entails? Are washing machines involved? Is it something only the mob and Columbian drug cartels do?

Wise Bread has a fun little article about both kinds of money laundering: the “classic” scheme involving Italian restaurants and dry cleaning establishments, and the “modern” brand of money laundering which usually involves some sort of business in the Cayman Islands.

Note: I do not condone illegal money laundering in any way, and I should warn you that there are very severe punishments that come along with even being a part of such a scheme. But if you’re just curious as to what it means to launder money, then check out the Wise Bread article.

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