why isnt it considered money laundering?
351044
When You bring money from a location and run it thru the bank from another location. Its where They cant track it or it makes it harder
757087
It's a crime to earn money legally, isn't it?
1070193
It is a scheme...\n\nThere are thousands way that a fool is parted with his money.  \nWhen things are too good to be true...well guess what?\n\nI liked this one done around here not too long ago:\n\nAn African man in a shopping mall asks an elderly man if he knows of any charity that he can donate his money to.  He said that he has $250,000.  and he needs to give it to donate it to a worthy cause, but he is not around here and does not know who to trust.\n\nAnother person from the same team gets involved.  For some reason in order for trust to be built...each person gives the African man $2,500.  \n\nWell...you know what happens.\n\nAnd this actually works a lot.
503309
Because society accepts it for payment of obligations.  Government endorsement helps, but is not sufficient.  In countries with weak currencies, alternate currencies form or other currencies are substituted.  In the US, over the last several years, organizations primarily in the West, have been printing silver depository receipts and they have been circulating them as tender for payment of goods and services.  They have had substantial support considering that there is no government or banking guarantee of the funds.  It is a warning sign of the failure of the "full faith and credit," to be accepted by Americans.
285309
Seems a bit of a daft situation and one theat needs to be looked at.\n\nBusinesses can refuse legal tender just as they can refuse to sell you anything at all. There is no obligation on a business to sell goods or provide a service (other than certain statutory ones).
102957
It's a scam. A rip-off. They will cheat you.\n\nThey are NOT laundering money. They want YOUR bank account information so they can steal from you.\n\nIt's that simple.
1161604
Specifically, it is obvious that one is a scam.  Generally, there is some scam going on in every part of this country.  In the case of Louisianna, the scam is on tax payers, as recent news reports indicate.  But who didn't see that coming?  When the government gets criticised (British spelling, for no good reason), it starts throwing money.  Why not?  At certain times it will admit that the money isn't theirs.
448213
Only use them if you are in trouble with the law for money laundering yourself.  That way you can plea bargain into immunity to pin all of it on them.
961764
Most banks sell Cashiers Checks instead of money orders - basically the same thing but easier to cancel, trace or replace.  Your also paying for the banks time which they consider more valuable.
314854
Nigeria's international image suffered greatly due to the arrest and subsequent corruption investigations of the son of the former Nigerian dictator, Sani Abacha in 2000. There were almost 20 banks involved in this corruption, with money laundering figuring greatly. \n\nAlso, Nigeria was notoriously reluctant to adopt anti-money laundering legislation, and did so only under great pressure from the Financial Action Task Force (FATF) at the eleventh hour in 2002. \n\nHope this information helps.
61294
because the end of the world as you know it is near...\n\nreally technology has made is easier to be more anonymous when perpretrating fraud, that why, it's also allowed groups to be spread apart yet highly organzied, electronic payment systems have made laundering money that much quicker and easier
359345
I work in the banking and finance world, and the long and short of it is this:  It's an extenstion of the Bank Secrecy Act of 1972 (1974?), which states that large dollar amounts are higer risks for money laundering, terrorism and the like. It's another way for the government to monitor the flow of cash.  Below, are some things I found online.\n\nAN ACT\nTo deter and punish terrorist acts in the United States and around the world, to enhance law enforcement investigatory tools, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,\n \na) SHORT TITLE- This Act may be cited as the `Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001'\n\nHope this helps!
508364
I like this question but sadly, I don't think I have the answers. Hopefully we can get some ingenious and perfectly legal ideas.\n\nMost ideas from the net concerning money seems to be criminal ones, like phishing,spam and cheating through false promises.\n\nThere are some survey ones and those where you can pen artticles for a small fee.\n\nBut lets' see if we get something concrete+
800274
Why not? There is no law against it as long as people know what they are giving money for.
691354
dirty money (made illegally...drugs, guns, sex, etc.) is sneaked into the accounts of a clean operation...any legal business will do...and that's how dirty money is made clean.\nIt disguises the real source of the income.  When an organization needs a lot of dirty money laundered, they will usually have their own legit front to do the laundering.
681528
I don't know for sure, but in general, the law frowns upon such "self help" measures. If you want to collect money from someone, that's what the civil court system is for.
828401
Cash is difficult to trace for the most part. Since this is the case it is easiest to spend and can be spent immediately after a theft. That liquidity makes cash the most enticing fraud.\n\nIt is hard to identify stolen money, especially if it has been laundered. Criminals take the money and then declare the ill gotten money is income from a legitimate business. Once the money looks like standard income, they spend it freely. That is how the Mafia worked for so many years.\n\nTake care,\nTroy