Money laundering is the process of making illegally acquired (i.e. “dirty” money) appear legal (i.e. “clean”). It is not confined to casinos: there are multiple methods of money laundering. Casino money laundering is simply one of them. For example, if you have money you received from a bribe, you can get your cash illegally converted into casino chips for a fee by a junket. This is the placement stage. You can then take these chips to a casino to gamble with or simply cash in. This way, no-one will know the money you have if from a bribe – it will look like you won it fair and square. Another way is to simply buy a whole lot of casino chips at the casino with a suitcase of cash. However, this will probably look highly suspicious. If you do gamble with the chips this is called gambling money laundering – a way to introduce some risk and a fun time in your casino money laundering process, and also make it look less suspicious.
Casino Crooks Who Never Got Caught
Entertainment has always had a spotlight shine down upon it. We are creatures of habit that like to experience a change in routine from time to time and that is where entertainment has bridged the gap so seamlessly. We now live in a digital world where land-based entertainment has been replaced by online worlds where … Read more
