Is there such a thing as a “professional money launderer,” and do criminals hire specialists to launder money for them?
Payments
Asked by Question Bot09/Nov/20191 answer
1 Answer
F
Faisal Khan
Answered 09/Nov/2019
Yes. There are many such players in the banking and payments world that do this for a living. Needless to say, they don’t openly advertise themselves.
A lot of them are masked behind foreign off-shore shell companies where finding the identity of the true people behind them is almost impossible.
Professional money launderers take a hefty fee (depending on the market) for whitening their money.
One such example of such a professional launderer is Altaf Khanani. You can briefly see this story (a little over exaggerated and dramatized, but the gist of it remains the same).
https://www.youtube.com/watch?v=...
There is also the FATF report on the same.
You can read this report here: http://www.fatf-gafi.org/media/f...