Great discussion, but lets change the tags please. -Shawn Dave Tweed wrote: > Jason S wrote: > >>Actually money laundering would mean buying stuff at too high a price. >>After all, how do you hide an income source by having transactions that >>are too small? > > > In general, money laundering is any form of transaction that transfers > cash outside of government-monitored channels, especially across national > boundaries. > > Suppose you wanted to convert a large number of Flainian Pobble Beads to > US dollars. You buy some goods in the US at market value using US dollars, > "sell" them to yourself or your agent in Flania at well below market value, > then sell them in Flania for Pobble Beads at market value. You have now > caused a great deal of cash to "flow" across the border (from Flania to > the US, the opposite direction from the goods) without government > documentation. Governments hate this. > > -- Dave Tweed > > -- > http://www.piclist.com#nomail Going offline? Don't AutoReply us! > email listserv@mitvma.mit.edu with SET PICList DIGEST in the body -- http://www.piclist.com#nomail Going offline? Don't AutoReply us! email listserv@mitvma.mit.edu with SET PICList DIGEST in the body