#QuickbiteCompliance day 204
💰 “Placement” – How Dirty Money Sneaks Into the System (Stage 1 of Money Laundering) 🕵️♂️
Imagine you stole a giant chocolate bar but can’t eat it all at once—so you break it into tiny pieces and hide them in your lunchbox, backpack, and pockets. That’s how criminals “place” illegal cash into the financial system! Let’s break it down.
### How Do Criminals “Place” Dirty Money?
1️⃣ The Casino Trick
– A criminal walks into a casino with a bag of drug money, buys chips, plays a few rounds, then cashes out—now the money looks like “gambling winnings” instead of crime profits.
2️⃣ The Fake Sale Scam
– A criminal “sells” a cheap item (like a $10 watch) to a friend for $10,000 in dirty cash. The receipt says it’s a “luxury sale,” making the illegal money seem legal.
3️⃣ The Small-Deposit Game (Smurfing)
– Instead of depositing $100,000 at once (which triggers alarms), criminals split it into 100 deposits of $999 each—just below the bank’s reporting limit.
4️⃣ The Cash Business Cover-Up
– A criminal owns a cash-heavy business (like a car wash or snack stand) and mixes dirty money with real sales. At tax time, it all looks like legit profits.
### Why Does This Matter?
If placement works, criminals can:
✅ Turn “blood money” into “clean” bank deposits
✅ Fund more illegal activities
✅ Trick businesses, banks, and governments
The Solution? Smarter detection + shared intelligence.
🔍 #InclusiveRegtech helps banks spot sneaky deposits, even at small businesses.
🤝 #OpenSourceAML lets investigators worldwide track placement tricks in real time.
Remember: Money laundering starts small—but stopping it starts with awareness! 🚨
Learn more: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#100HariNulis #FinancialCrime #MoneyLaundering #AML #Fraud
(P.S. Next time you see a suspiciously busy car wash… ask where all that cash is really coming from! 🚗💦)