Money laundering – we’ve seen it in the movies, we’ve read about it in the news, but do you actually know what it is?

In today’s episode, we’ll tell you.

Money laundering is more than a financial crime. It’s a tool used by criminal organisations to make other crimes possible.

It’s also often the final step in drugs, tobacco and people smuggling, or engaging in political or business corruption.

The term money laundering originated in the United States during prohibition in the 1920s and urban legend has it that ‘laundering’ money as a term comes directly from Al Capone himself – who used laundromat businesses to legitimise his illegally-begotten wealth.

But money laundering is not just done by high-profile criminals anymore, it can be done by anyone. It can even be done by the wives and partners of drug dealers, or even university students.

Today, you’ll hear about an everyday woman who laundered $1.6 million within just a month, another woman who laundered $200,000 for her drug-dealing husband, and a young man who kept dodgy money in an online cryptocurrency.

Through their different techniques, you’ll hear how they did it and how they got caught.

BUSTED cuts through the fluff of the mainstream news by bringing you everything you need to know about crime in your community, whether it’s criminal thugs being caught smuggling in cheap, fake products or dodgy dealers getting stung selling drugs to fund their lavish lifestyles. BUSTED’s weekly commentary gives you the best access to experts, Rohan Pike and Heath Michael, as they explain to you the tricks of the criminal trade and the latest methods police are using to get these bad guys BUSTED!

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