Cash no card yes

zagfles

jacques_chirac wrote: »

Dirty money paid to retailer - phone resold - clean money transferred to launderer. Another common purchase for this reason is gift vouchers (I have no idea if any retailers limit their purchase).

Still don't get it. The whole point of "money laundering" is to disguise money that comes from crime/dodgy dealing as money that comes from legitimate sources. How would buying and selling a phone achieve that, they may just as well pay the cash direct into their account.

Anyone looking into their dealings would just ask "where did the phone come from" instead of "where did the cash come from", and if they can't show where the phone came from it would likely make them look even more dodgy! And regularly selling high value items would likely arouse suspicion.

earthstorm

zagfles wrote: »

Still don't get it. The whole point of "money laundering" is to disguise money that comes from crime/dodgy dealing as money that comes from legitimate sources. How would buying and selling a phone achieve that, they may just as well pay the cash direct into their account.

Anyone looking into their dealings would just ask "where did the phone come from" instead of "where did the cash come from", and if they can't show where the phone came from it would likely make them look even more dodgy! And regularly selling high value items would likely arouse suspicion.

Simple you use money that you have stolen ( may be marked) or counterfeit notes to purchase the phone, so now the retailer has the dirty money. you then sell the phone on ebay and get clean money.

System

earthstorm wrote: »

Simple you use money that you have stolen ( may be marked) or counterfeit notes to purchase the phone, so now the retailer has the dirty money. you then sell the phone on ebay and get clean money.

Although I agree this is a possible reason it's not actually money laundering.

Also it relies on the shop assistant not checking the bills.

Azari

earthstorm wrote: »

Simple you use money that you have stolen ( may be marked) or counterfeit notes to purchase the phone, so now the retailer has the dirty money. you then sell the phone on ebay and get clean money.

You haven't actually addressed the problem at all. :rotfl:

zagfles

earthstorm wrote: »

Simple you use money that you have stolen ( may be marked) or counterfeit notes to purchase the phone, so now the retailer has the dirty money. you then sell the phone on ebay and get clean money.

I see what you mean, but "money laundering" doesn't usually refer to money which is literally dirty (ie counterfeit or marked), it usually refers to normal cash but which has come from dodgy dealings/crime.

earthstorm

goater78 wrote: »

Although I agree this is a possible reason it's not actually money laundering.

Yes it is

http://en.wikipedia.org/wiki/Money_laundering

Money laundering is the process of concealing the true source of money that has been gained through illegitimate means.

Searcher

goater78 wrote: »

It's obviously a question to the OP about what they think of their purchase. Although off topic it's still about the OP's item so I don't think it's worth being arsey about it!

Looking back at the post I actually totally misread it as a fanboy post rather than a straight question, so apologies to Widelats for that

earthstorm

Azari wrote: »

You haven't actually addressed the problem at all. :rotfl:

i was replying to post 12 in explaining money laundering

earthstorm

zagfles wrote: »

I see what you mean, but "money laundering" doesn't usually refer to money which is literally dirty (ie counterfeit or marked), it usually refers to normal cash but which has come from dodgy dealings/crime.

yes.

for the OP - Three do have some weird policies, but for mobile phones you always get better deals from carphone warehouse or phones4u then going direct to a mobile operator

System

earthstorm wrote: »

Yes it is

http://en.wikipedia.org/wiki/Money_laundering

I don't think you understand completely what dirty money and clean money is. Dirty money is not forged money, it's money obtained through illegal activities eg drug dealing.

You don't launder money because the original money was forged you do it to hide the origin of the original money. That is money laundering.