Tim,
The ironic part is that to fully "launder" the money, you have to withdraw
it. Therefore, you need to make a substantial withdrawal to make all the
small deposits worthwhile. In the case of life insurance, this usually
means someone has died. The amount of paperwork involved to verify this
information makes this inefficient from a money launder's point of view.
People may draw from their life insurance policies before hand, but these
transactions usually receive a high level of scrutiny.
A more effective way to launder money is .......
Best,
Lawrence Serewicz
Lawrence W. Serewicz
Scrutiny Manager
Management Support Unit
Wear Valley District Council
01388-761-985
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