paypal and money laundering

[FinBak 12]

2 minutes ago, woodview said:

Ok, you go and try to buy a house for gold or physical cash and see how you get on.

I have done.  With success.

[woodview 10]

20 minutes ago, FinBak said:

I have done.  With success.

You'll know all about the money laundering checks solicitors have to do then.

It would be interesting to see the look on his face when you turned up with a wheelbarrow full of gold.

Edited March 24, 2019 by woodview

[FinBak 12]

Seeing as I come from a Family of Solicitors....I would think so.

 

[woodview 10]

4 minutes ago, FinBak said:

Seeing as I come from a Family of Solicitors....I would think so.

 

So what checks are required to comply with money laundering / proceeds of crime etc?

[FinBak 12]

None.

 

[woodview 10]

Just now, FinBak said:

None.

 

Cool story bro .

[carosio 186]

You can buy a house with anything that the seller will accept, but the form that has to be filled in for the revenue will ask what the "consideration" was and if it's sustantial in value then they could ask questions.

[lil-minx92 10]

18 hours ago, woodview said:

It's a way to store money untraceably, but it doesn't launder it:

So, Mr Finbak, how did you buy this house?

Withthe £1m of gold I have.

OK. All seems legit. Nothing to see here.

 

Laundering money involves channeling money through schemes to appear the money has been made legitimately.

Historically bookmakers could do it, as they would make out people were placing large bets on horses that subsequently lost. Ice-cream men weirdly too, having sold thousands of ice lollies per day for example. They are money laundering, they turn dodgy cash into 'legit' profits.

Just having it in paypal or gold doesn't do that.

A CID pal of mine tells me Vape Shops and Tanning Salons are frequently used these days by local criminals  

[tinfoilhat 11]

1 hour ago, lil-minx92 said:

A CID pal of mine tells me Vape Shops and Tanning Salons are frequently used these days by local criminals  

Do they take PayPal?

[woodview 10]

Just now, tinfoilhat said:

Do they take PayPal?

No. CID only take cash 😮

[Obelix 11]

20 hours ago, FinBak said:

None.

 

Wrong on so many levels. Have a lot of complaints to the SRA I presume then...

[SnailyBoy 10]

2 hours ago, lil-minx92 said:

A CID pal of mine tells me Vape Shops and Tanning Salons are frequently used these days by local criminals  

Is there a current trend for the local law breaking fraternity to change smoking habits and acquire that beach bronzed look?