what is money laundering scheme
A typical money laundering scheme would be to buy goods (jewelry, cars) or financial products (USPS Â® Money Orders, stored value cards) with cash from selling drugs or stolen property.The U.S. Postal Service is doing everything it can to prevent this crime and to protect our valued customers. typical money laundering scheme would be to buy goods (jewelry, cars) or ï¬nancial products (USPS Â® Money Orders, stored value cards) with cash from selling drugs or stolen property.
What is Money Laundering. Money laundering is the collective steps that financial gains from criminal acts are transformed into apparently legitimate finances â cash or other assets. Relatively recently, the term has become intermixed with other types of criminal acts surrounding finances.he Money Laundering Control Act of 1986 saw to it that there is no minimum threshold of funds for charges to be placed upon an individual, organization, or business entity. This means that if you laundered $1 you will receive the same scrutiny under law as you would if you laundered $1,000,000.