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Paying cash in to someone else's account


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56 minutes ago, LondonLuke said:

The banks are more onto it than the police for the main part 

True, wife works for Barclays lost count the number of times she’s reported either attempted fraudulent account openings and money laundering. On a number of occasions the wrongdoer is sat in her office when they’re arrested. 

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20 hours ago, Lloyd90 said:

I wouldn’t know I don’t use them. 

There are plenty in the cities though and plenty of stories on their use online. 

I read a pretty funny story about a man who genuinely wanted a massage accidentally going to one ... or so he claimed it was an accident!! 

You offer a good example of money laundering and then profess to know nothing about them:hmm: 

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8 hours ago, RockySpears said:

  This is exactly how money is laundered.

  You get a shed  load of cash from your drug sales, how do you get it into a Bank that will not arouse suspicion?  You start a Taxi firm or a restaurant or a building business and it does really well and takes in a lot of cash.  You pay this into a Bank, with an accountant who shows it is all about the business doing well.  Nice clean money in the Bank.  You even pay tax on it!

  Market stalls, hairdressers and a bookies are also acceptable washing machines for cash.  I'm sure there are businesses that you know, that never seem busy, but have been going for years and you never really see them as "busy".

  Large amounts of cash are hard to deal with without thorough planniing, but then again, so are small ones.  I have been investigated for Tax purposes, so I know what they look for.

  Let's say you get a relatively small amount of cash each month from a new "venture", say £250.  So you buy your normal things, groceries, petrol etc and do not need to draw as much cash out as you used to.  IF they look into your affairs, and they do do random hat-pulls for investigations, they notice that your outgoings suddenly fall, over a year they will work out pretty much what the amount you ARE NOT spending is (they wanted 3 years accounts from me, not just my business, but all personal accounts, including joint and childrens).

  Now I was a good boy, and it was a pain in the butt and quite expensive for me to go through, but they were thorough and made you feel guilty at every opportunity, even with genuine mistakes, however small.

  They hate cash.  They want rid of cash and they will make it look like they are doing it "with the countries best interest at heart".  

In the end, it is about control,

 

RS

mate of mine is in the scrap business, he said to me a few years back( when they were stopped from dealing in cash ) that it wasn't about metal theft but all about income tax

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19 hours ago, KB1 said:

You offer a good example of money laundering and then profess to know nothing about them 

There’s plenty in the city mate you drive past them and locals know them by name. 

I don’t know them by name nor address as I don’t go to them. 

If you think places like that aren’t used for money laundering then your very naive. 

I’ve also worked with people who had mental health issues and worked as escorts - they registered a business as a ‘’masseur’ and filtered their money through that business. 

Theres lots of people who have businesses that suppoedly take cash and are used to run money through. 

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1 hour ago, Lloyd90 said:

There’s plenty in the city mate you drive past them and locals know them by name. 

I don’t know them by name nor address as I don’t go to them. 

If you think places like that aren’t used for money laundering then your very naive. 

I’ve also worked with people who had mental health issues and worked as escorts - they registered a business as a ‘’masseur’ and filtered their money through that business. 

Theres lots of people who have businesses that suppoedly take cash and are used to run money through. 

Again your at it………  Speculation as opposed to fact!   If you want to name and shame then at least take the time to gather some substantiation other than your opinion:hmm:

Money Laundering (the concealment of the origins of illegally obtained money).  Why do you suppose a massage parlour would want to launder money?

Edited by KB1
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8 minutes ago, KB1 said:

Again your at it………  Speculation as opposed to fact!   If you want to name and shame then at least take the time to gather some substantiation other than your opinion:hmm:

Money Laundering (the concealment of the origins of illegally obtained money).  Why do you suppose a massage parlour would want to launder money?

I dont think hes saying that.
Its not the massage parlour that needs to launder money, its the criminal enterprise behind it, drug dealing, extortion, prostitution.
The massage parlour is just a cash business created to 'clean' the money.
Fake punters put through the books, extortionate prices charged for 'massages' that may or may not happen.

Dirty money into a fake business + tax paid = clean money at the end, money you can spend without questions being asked, on property , cars ect.
There a tonnes of businesses I know about, been there for years, car pitches, tyre fitters and car washes, never seem to have much going on , busy cleaning drug/grow money.

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16 minutes ago, KB1 said:

Again your at it………  Speculation as opposed to fact!   If you want to name and shame then at least take the time to gather some substantiation other than your opinion:hmm:

Money Laundering (the concealment of the origins of illegally obtained money).  Why do you suppose a massage parlour would want to launder money?

I think the suggestion is that the massage parlour is a good cover and way to launder money, not that a massage parlour would want to launder its own money.

Any business without trackable stock, fixed client list/bookings, and that deals in cash could be suitable - massage parlour, scrap dealer, book maker, market trader.....

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3 minutes ago, Rewulf said:

I dont think hes saying that.
Its not the massage parlour that needs to launder money, its the criminal enterprise behind it, drug dealing, extortion, prostitution.
The massage parlour is just a cash business created to 'clean' the money.
Fake punters put through the books, extortionate prices charged for 'massages' that may or may not happen.

Dirty money into a fake business + tax paid = clean money at the end, money you can spend without questions being asked, on property , cars ect.
There a tonnes of businesses I know about, been there for years, car pitches, tyre fitters and car washes, never seem to have much going on , busy cleaning drug/grow money.

 

3 minutes ago, LondonLuke said:

I think the suggestion is that the massage parlour is a good cover and way to launder money, not that a massage parlour would want to launder its own money.

Any business without trackable stock, fixed client list/bookings, and that deals in cash could be suitable - massage parlour, scrap dealer, book maker, market trader.....

I get all of that guys, its just that he cited 'Massage Parlours' as a good example of Money Laundering and I would like to know where he gets his 'facts' from to support that generic accusation:hmm:

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9 minutes ago, KB1 said:

 

I get all of that guys, its just that he cited 'Massage Parlours' as a good example of Money Laundering and I would like to know where he gets his 'facts' from to support that generic accusation:hmm:

Try putting "massage parlour money laundering" into google and see how many news articles come up where people have been prosecuted for exactly that.

It's not to say that every one is, but they are a prime opportunity for someone wanting to clean cash. A happy ending for everyone it would seem.

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24 minutes ago, LondonLuke said:

Try putting "massage parlour money laundering" into google and see how many news articles come up where people have been prosecuted for exactly that.

It's not to say that every one is, but they are a prime opportunity for someone wanting to clean cash. A happy ending for everyone it would seem.

I did exactly that and came up with 3 in this country :whistling:  I did it for car dealerships and came up with many more……. I did it for Nail Bars and came up with a few…..   I could go on and on….

There are numerous businesses that could be described as "a prime opportunity for someone wanting to clean cash", but that doesn't excuse someone from making reckless statements such as "Massage Parlours' as a good example of Money Laundering"

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On ‎29‎/‎01‎/‎2018 at 23:53, strimmer_13 said:

my other half pays my check in every week, seeing as half the banks around here are shut and she has to travel 15miles round trip to do it. But never once has there been a issue (we're not married so she hasnt my surname incase that would swing it). Barclays btw 

Cheques are no problem as there is a paper trail, It's cash deposits that they are after.

 

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5 hours ago, KB1 said:

I did exactly that and came up with 3 in this country   I did it for car dealerships and came up with many more……. I did it for Nail Bars and came up with a few…..   I could go on and on….

There are numerous businesses that could be described as "a prime opportunity for someone wanting to clean cash", but that doesn't excuse someone from making reckless statements such as "Massage Parlours' as a good example of Money Laundering"

 

I’m not sure anyone did that? That aside did you not just imply exactly that of car dealerships and nail bars?

I think given your research that there have been various convictions and it is evident that any cash business without stock is a good example of a business that could be involved in laundering you can see massage parlours could be a potential example of a way to launder money - I don’t think anyone here feels every single one is nor have they said so  

Anyway, I’m bowing out - not quite sure your point but maybe others can help!

Edited by LondonLuke
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34 minutes ago, LondonLuke said:

 

I’m not sure anyone did that? That aside did you not just imply exactly that of car dealerships and nail bars?

I think given your research that there have been various convictions and it is evident that any cash business without stock is a good example of a business that could be involved in laundering you can see massage parlours could be a potential example of a way to launder money - I don’t think anyone here feels every single one is nor have they said so  

Anyway, I’m bowing out - not quite sure your point but maybe others can help!

 "Massage Parlours' as a good example of Money Laundering"  That was verbatim :whistling:

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16 hours ago, KB1 said:

 "Massage Parlours' as a good example of Money Laundering"  That was verbatim 

A good example of a business that can be used for money laundering! 

God forbid. It appears every single other person on this thread seemed to be able to understand the connection. 

You appears to just want to be intentionally awkward. 

Bet your great fun at a party ?

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2 hours ago, Lloyd90 said:

A good example of a business that can be used for money laundering! 

God forbid. It appears every single other person on this thread seemed to be able to understand the connection. 

You appears to just want to be intentionally awkward. 

Bet your great fun at a party ?

Being the owner of a number of massage parlours and never in my life having laundered money;  ****** like you make my blood boil…...

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2 minutes ago, KB1 said:

Being the owner of a number of massage parlours and never in my life having laundered money;  ****** like you make my blood boil…...

Correct me if I'm wrong, but isn't that a bit on the edge of legal, if we're talking about the same thing, your employees offer sex for money?

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7 minutes ago, KB1 said:

Being the owner of a number of massage parlours and never in my life having laundered money;  ****** like you make my blood boil…...

If you had laundered money through your businesses you’d hardly admit I was right publicly on the internet would you?! 

In fact - you’d more than likely say you’d never laundered money lol 

many of people got the point - cash businesses that provide a service are often used for such ends - that was just one example. 

Rather than take the example with a pinch of salt you’ve decided to take it personally and “have your blood boiled”. 

Why? What’s the point? The whole concept seems to have gone right over your head. 

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15 minutes ago, 12gauge82 said:

Correct me if I'm wrong, but isn't that a bit on the edge of legal, if we're talking about the same thing, your employees offer sex for money?

We charge for a massage

10 minutes ago, Lloyd90 said:

If you had laundered money through your businesses you’d hardly admit I was right publicly on the internet would you?! 

In fact - you’d more than likely say you’d never laundered money lol 

many of people got the point - cash businesses that provide a service are often used for such ends - that was just one example. 

Rather than take the example with a pinch of salt you’ve decided to take it personally and “have your blood boiled”. 

Why? What’s the point? The whole concept seems to have gone right over your head. 

A bit like your denial of ever visiting one eh?

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1 hour ago, KB1 said:

We charge for a massage

A bit like your denial of ever visiting one eh?

My father ran a market stall for over 20 years, he never used it to launder dirty money... atleast that I know about, if he had we probably wouldn’t have been so poor! 

Despite this I haven’t got upset because some people on this thread have said market stalls are used to launder money. I imagine they probably are. As well as many other cash businesses. 

 

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32 minutes ago, Lloyd90 said:

My father ran a market stall for over 20 years, he never used it to launder dirty money... atleast that I know about, if he had we probably wouldn’t have been so poor! 

Despite this I haven’t got upset because some people on this thread have said market stalls are used to launder money. I imagine they probably are. As well as many other cash businesses. 

 

I own a property refurb company and people are constantly talking about taking cash, avoiding VAT, etc - which we never do - but needless to say I don’t let it boil my blood!

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51 minutes ago, 12gauge82 said:

Interesting, pigeon watch really does have people from every job description going!

You'd be surprised how many peeps from the shooting fraternity frequent our establishments :)

1 hour ago, LondonLuke said:

I own a property refurb company and people are constantly talking about taking cash, avoiding VAT, etc - which we never do - but needless to say I don’t let it boil my blood!

Thats a tad different to be labeled a Money Launderer:sad1:

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