Laundromat Scheme

The Laundromat Scheme is a method used by criminals to hide illegal money by disguising its origin. It involves setting up a network of fake companies, often in countries with lax financial regulations, to move and 'clean' illicit funds through transactions that appear legitimate. This process makes dirty money look legitimate, allowing criminals to access and use it without detection. Essentially, it’s a way to obfuscate the trail of illegal income by leveraging complex corporate structures and international banking pathways.