So just to clarify: the image of a lucrative lifestyle that can be portrayed via Snapchat or the advertisement of lending arrangements allures people wanting money to enter into these arrangement. The money they ‘borrow’ in actuality derives from the proceeds of crime and then those culpable for the predicate offence demand the withdrawal of these sums to conduct purchases. Therefore they avoid any trail to their own account and the proceeds of crime is laundered through the individual entering into the borrowing arrangement via Snapchat.
@Rodion Raskolnikov thank you very much for your comment and for your support. In regards to your question, yes your understanding of how money is laundered through Snapchat is correct. In most cases its impossible to track the funds back to the criminals themselves.
@@KYCLookup Great thanks, I just wanted to understand the integration stage - ie how criminals can profit from this. If I’ve understood correctly, this would be through forcibly inducing the individual who contacted them through Snapchat to withdraw into cash and then buy tangible assets for the criminals to keep?
@@rodionraskolnikov2144 no problem. In some cases the criminals "make" the people buy them physical items but also it can make them give them the money in cash without the cut the person will make for using his/her account to launder the funds.
Please make a video on Intermediary Shareholder/Owner
@Lohith Thank you for the support and suggestion. 👍
Kindly make detailed video on Money laundering via money mules....Thanjs in advance
@Gaurav Raut - Thanks for the suggestion. You mean the old traditional way? Money strapped to body or in a briefcase kind of scenario??
@satyam yadav Thanks
@@KYCLookup Yes exactly.. .and recent trends of money muling. . . Thanks in advance
@@gauravraut9910 great. Thank You
can we get an video explaining Special Purpose Vehicle?
@Aishwarya Tarsekar Thank you for the support, thats a great suggestion. 👍
So just to clarify: the image of a lucrative lifestyle that can be portrayed via Snapchat or the advertisement of lending arrangements allures people wanting money to enter into these arrangement. The money they ‘borrow’ in actuality derives from the proceeds of crime and then those culpable for the predicate offence demand the withdrawal of these sums to conduct purchases. Therefore they avoid any trail to their own account and the proceeds of crime is laundered through the individual entering into the borrowing arrangement via Snapchat.
@Rodion Raskolnikov thank you very much for your comment and for your support. In regards to your question, yes your understanding of how money is laundered through Snapchat is correct. In most cases its impossible to track the funds back to the criminals themselves.
@@KYCLookup Great thanks, I just wanted to understand the integration stage - ie how criminals can profit from this. If I’ve understood correctly, this would be through forcibly inducing the individual who contacted them through Snapchat to withdraw into cash and then buy tangible assets for the criminals to keep?
@@rodionraskolnikov2144 no problem. In some cases the criminals "make" the people buy them physical items but also it can make them give them the money in cash without the cut the person will make for using his/her account to launder the funds.