How much money is laundered each year?

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asked Apr 13, 2020 in Other-Finance by kiospdtp (300 points)
How much money is laundered each year?

3 Answers

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answered Apr 13, 2020 by Shelde (49,390 points)
The amount of money that is laundered each year is around $800 billion dollars to as much as $2 trillion dollars every year.

Some examples of money laundering which is illegal are casino schemes, business schemes, smurfing schemes, and foreign investment/round-tripping schemes.

The definition of money laundering is the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses.

The money is laundered and concealed to help the person avoid paying taxes on that money.

If caught you can face huge fines as well as jail or prison time.

Money laundering is taken seriously by the law so you should never do any money laundering.
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answered Apr 18, 2020 by Mark Duffy (2,460 points)

I am interested to know the answer to this question, because I have found a lot of information about gambling and so far I have a lot of free time.I decided to try myself in this business. I want to start with playing Free online slots. When I gain experience, I will move into the big money game. Have you ever played slots?

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answered May 28, 2020 by Jassy123 (4,450 points)

I am sure that people earn millions of dollars bypassing taxes. There are many areas where this is possible. I do it sometimes too. It is not my main income, it is only my hobby which brings me money. I used easy gambling games on csgo cases . This casino site gives me an opportunity to have a rest and earn some money for me. I do not do it just for the money. But I think for those who play casino for income it will be important to find out that it is possible to get money from the site immediately.

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