Money Laundering 101 - Your (Hypothetical) How-To Guide
If you ever plan on breaking bad, one of the key things you’ll have to know is how to take your ill-gotten gain and launder it into “clean,” usable money.
And there’s apparently a lot of demand for this skill. According to the International Monetary Fund, about $1.5 trillion dollars is laundered every year, amounting to about 5% of the world’s entire GDP. That’s a lot of dough getting washed.
So just in case you (hypothetically) get let go from your 9-to-5, or the economy (hypothetically) drives you to a life of crime, OnlineMBA.com has put together this (hypothetical) how-to guide to the basics of money laundering. (Anyone else concerned that MBA students are learning how to launder money??)