What Is an Example of Money Laundering?

    By Anjali Goyal on July 26th, 2023

Imagine a scenario where a drug dealer has illicitly earned cash from selling drugs and wants to use that money to buy a new car. Since making a direct cash purchase would raise suspicion, the dealer decides to ‘launder’ the money to make it seem legitimate. To do this, the drug dealer, who also owns a cash-heavy laundromat, mixes the drug money with the laundromat’s cash. The combined cash is then deposited into a bank. Finally, the dealer writes a check from the laundromat’s account to buy the car without arousing suspicion.

WRITTEN BY

Anjali Goyal

Anjali Goyal is a content writer at TechEela. She helps businesses increase their online presence with optimized and engaging content. Her service includes blog writing, technical writing, and digital marketing.