Talk:Money laundering

This article was the subject of a Wiki Education Foundation-supported course assignment, between 28 May 2019 and 2 July 2019. Further details are available on the course page. Student editor(s): Tailz88 (article contribs).

"$AUD1000"?

This is used on the page: $AUD1000. What denomination is that? Since it discusses activities of the US, shouldn't it use US dollars? -Frecklefoot —Preceding undated comment added 17:51, 5 February 2003‎

I just removed that, and added US currency notation. I think that this could end up being the most useful information on the wikipedia. --DropDeadGorgias —Preceding undated comment added 20:08, 6 March 2003‎

External links modified (February 2018)

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Transaction Laundering and Affiliate Fraud

I have added these to the methods section.

My rationale is summed up by these quotations:

"Transaction laundering is the new sophisticated form of money laundering and terrorism financing and is one of the biggest challenges facing the AML regime today.

This advanced merchant-based fraud scheme takes advantage of legitimate payment ecosystems by funneling unknown transactions through seemingly unrelated ecommerce merchant accounts. Sleek legitimate websites act as payment processing storefronts for criminal enterprises selling firearms, illicit drugs, child pornography and other illegal goods.

This creates a situation where Merchant Service Providers (MSPs) unknowingly facilitate money laundering or end up processing payments stemming from, or intended for, financing illegal activities, thus exposing themselves to financial and legal liability, penalties from the credit card companies and severe reputational damage."

http://evercompliant.com/transaction-laundering-new-advanced-form-money-laundering/ — Preceding unsigned comment added by 78.158.110.114 (talk) 13:47, 19 December 2018 (UTC)

Currently, the only search result on wikipedia now for "transaction laundering" is this on the dhgate.com page:

<quote>On November 10, 2015, DHgate.com announced that it had implemented Austreme's Transaction Laundering Detection solution (TLD) for risk and fraud management of its payment platform.[11]</quote>

8-1-2018: I have added a revised section on transaction laundering. I believe that it is too huge an omission to leave out. — Preceding unsigned comment added by 78.158.110.114 (talk) 11:11, 8 January 2019 (UTC)

One problem of criminal activities is accounting for the proceeds without raising the suspicion of law enforcement agencies.

It's not really a problem of [sic] such activities. Rather, criminals try to avoid detection by concealing the origin of their illicit funds. — Preceding unsigned comment added by 31.50.84.225 (talk) 10:57, 20 March 2019 (UTC)

The problem in this case is that the process is illegal, which begs the question whether "illegal" should be used in the lede. Legality is a social construct. 47.137.185.72 (talk) 01:51, 13 November 2019 (UTC)

After money has been laundered it can be used for legitimate purposes.

Laundered money can't be used legitimately. — Preceding unsigned comment added by 31.50.84.225 (talk) 11:00, 20 March 2019 (UTC)

It's impossible to prove laundered money is illegitimate. That's the entire point of money laundering. To destroy the trail, so that you are innocent until proven guilty. 198.153.92.254 (talk) 17:47, 2 June 2021 (UTC)