Author did some basic research on ML & AML and has no real idea what they're talking about.
Flip side of all cash business is tax evasion; meaning the owner does not report all the gross revenue and the spends the cash in a way that it's not traceable back to them.
Another reason to have access to the cash flow of an all cash business is to launder counterfeit currency; aka someone gives you a $20 an the business gives them back fake bills for the change.
Flip side of all cash business is tax evasion; meaning the owner does not report all the gross revenue and the spends the cash in a way that it's not traceable back to them.
Another reason to have access to the cash flow of an all cash business is to launder counterfeit currency; aka someone gives you a $20 an the business gives them back fake bills for the change.
Most interesting ML method I've heard of is book on hacking public databases to create valid fraudulent identifies to launder cash through: https://www.amazon.com/Baby-Harvest-terrorist-financing-laun...