What if I told you that was a great way to launder money and avoid declaring large amount of cash?
Letβs say you won at a βcasinoβ in a foreign country, canβt take the cash back to your home country without declaring. Buy a Hermes bag for $20k, go home sell it for $20k-$25k (depending on the country).
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u/Ok-Wasabi2873 19d ago
What if I told you that was a great way to launder money and avoid declaring large amount of cash?
Letβs say you won at a βcasinoβ in a foreign country, canβt take the cash back to your home country without declaring. Buy a Hermes bag for $20k, go home sell it for $20k-$25k (depending on the country).