What does money laundering mean?

One is to use phone or SMS fraud to obtain bank card information for money laundering. The second is to use hacker software or network to obtain the customer's bank card number and password. The third is to forge bank cards, which is also a common means of money laundering for bank cards.

Related hazards: Now some fraudsters often borrow other people's bank cards to induce victims to transfer money, and then cardholders help them to launder money. People who provide their bank cards to criminals to engage in criminal activities are generally called "cannon", and money laundering for fraudsters is also suspected to constitute a crime. After receiving the defrauded funds, fraudsters will divide the defrauded funds, make n+ 1 decentralized transfer through bank accounts and third-party payment platforms, and then withdraw cash through "drivers". Once the funds reach this stage, it is difficult to prove the source of funds and freeze accounts. If fraudsters want to be safer, they will find a "water room" to deal with it. Many people may have heard the word "water house" for the first time. If summarized from the literal meaning, it is a new type of criminal den dedicated to washing away stolen money. Self-service banking equipment is used for money laundering. Criminals use the time difference of ATMs for detection and anti-counterfeiting, and the equipment is outdated. They put the counterfeit banknotes into the automatic deposit machine, and then use the payment function of the bank card to withdraw the real banknotes from other ATMs, so as to eliminate the counterfeit banknotes and replace them with real banknotes.

Money laundering: Money laundering is a very professional term in the financial industry, and it is an act of legalizing illegal gains. It mainly refers to covering up and concealing illegal income and its source and nature through various means, so as to make it formally legalized. In the 1920s, a financial expert of Chicago Mafia bought a coin-operated washing machine and opened a laundry. He settles the laundry income for one day every night, plus the illegally stolen money, and then declares the tax to the tax bureau. All the stolen money became his legal income after tax, which is the origin of the word "money laundering". 201810/0 The Administrative Measures on Anti-Money Laundering and Anti-Terrorist Financing of Internet Financial Institutions (Trial) formulated by the People's Bank of China, the Insurance Regulatory Commission of the Bank of China and the China Securities Regulatory Commission was officially released.