That depends on who owns the machine. For example, if the 'Cannamob' bought 100 ATM machines and installed them in 100 cannabis supply chains... they would have a multimillion dollar cash cleaner. This is because they could fill the machines with their own 'dirty money' which was then distributed to the cannabis shop clientele, who would then disperse the cash. All the of dirty money would now be owed to the Cannamob by banks as credited digital transfers 100% clean and trace free. A simple and brilliant way to clean your dirty cash.
Shit.. I didnt realize you can just "fill" your own bank machine with cash. Isn't there laws preventing people from just buying their own bank machines?
Do you have a link or source with more information about this?
I've never heard anything about how business owners can fill ATMs without actually "putting" that money anywhere. Do you mean that they're depositing the money to their bank accounts via ATM?
If they add illegal cash to their own personal bank account, then there's at least a record that cash was deposited into the account, along with some basic info about the ATM and when the transaction happened. I have a hard time understanding how this would be hard to track. I've definitely heard cases about people who steal money from their employer (or get illegal money) and deposit the dirty cash into their bank accounts. It's usually easy to catch after a while especially because they have no explanation of where the money came from. They also have to account for this money via taxes.
How is the situation in Colorado with ATMS any different?
That depends on who owns the machine. For example, if the 'Cannamob' bought 100 ATM machines and installed them in 100 cannabis supply chains... they would have a multimillion dollar cash cleaner. This is because they could fill the machines with their own 'dirty money' which was then distributed to the cannabis shop clientele, who would then disperse the cash. All the of dirty money would now be owed to the Cannamob by banks as credited digital transfers 100% clean and trace free. A simple and brilliant way to clean your dirty cash.
Shit.. I didnt realize you can just "fill" your own bank machine with cash. Isn't there laws preventing people from just buying their own bank machines?
Not many in CO, the industry is unregulated there, so it can be abused very easily.
Do you have a link or source with more information about this?
I've never heard anything about how business owners can fill ATMs without actually "putting" that money anywhere. Do you mean that they're depositing the money to their bank accounts via ATM?
If they add illegal cash to their own personal bank account, then there's at least a record that cash was deposited into the account, along with some basic info about the ATM and when the transaction happened. I have a hard time understanding how this would be hard to track. I've definitely heard cases about people who steal money from their employer (or get illegal money) and deposit the dirty cash into their bank accounts. It's usually easy to catch after a while especially because they have no explanation of where the money came from. They also have to account for this money via taxes.
How is the situation in Colorado with ATMS any different?