This episode will be all about me giving away information and hoping the Feds do not get involved. I mean, it’s a pretty safe gamble; if they could forgive me for going after the Vatican’s private equity fund, they can let this one happen too. Money Laundering. No, this is not in any way connected to an Ozark episode. Okay, so let’s just say, hypothetically, you did things that do not precisely adhere to the constitution, but you end up filthy rich. That might sound pretty good, right, minus the morality part? But what if I told you that money is entirely useless to you unless you figure out a way to make it legal? That sounds weird? I know. But the fact is, The goal of many criminal acts is to make money for the person or group who commits the crime. Let me tell you a few stories. Suharto was President of Indonesia from 1967 to 1998 and ranked first on Transparency International's list of the world's most corrupt leaders. Time Asia magazine estimated the Suharto family's wealth at $15 billion after his forced resignation, with $9 billion allegedly deposited in an Austrian bank. It was also claimed that up to $73 billion passed through the family's coffers during Suharto's presidency. He died in 2008 at the age of 86, and due to his advanced age, he was never tried. We also have ex-lawyer Ferdinand Marcos, who served as President of the Philippines from 1965 to 1986 before being deposed by a popular uprising. He laundered billions of dollars in stolen public funds through banks in the United States and Switzerland during his reign. The money, estimated at US$7.5 billion, was recovered by the Philippines through a massive operation known as "Operation Big Bird." According to legend, Marcos' opulent lifestyle was epitomized by his wife Imelda's collection of over 2,500 pairs of shoes. Who else do you know? The most well-known of America's mobsters was instrumental in developing modern money laundering schemes. He is thought to have laundered $1 billion through various companies. His first businesses were laundromats, which, because they were cash-only, were ideal for concealing and disguising illegal gains. The fact that Capone worked in the laundry business is frequently cited as the source of the term "laundering."So what exactly is it? Criminals conceal their heads, change their form, or move the funds to a location where they are less likely to attract attention, and that is exactly what we will discuss in today's episode. Everything from the complexities of money laundering to a hypothetical, step-by-step process for cleaning your dirty money is covered, in one single episode. As always, Thank You so much for taking the time in listening as well as reading this. Do not forget to follow the podcast on any platform you are listening to and review it if you are on Apple Podcasts or Spotify. If you want to get in touch with me, here is everything I am accountable for - Have a great day! > www.linktr.ee/neogyspandan