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988: Robert Mazur | How Money Laundering Works Part Two
The Jordan Harbinger Show
Insights into Black Money Markets and Complex Money Laundering Operations
Money laundering operations involve various methods and can be as intricate as snowflakes. Operating in black money markets requires aligning supply and demand clients, such as supplying dollars to drug traffickers who want Colombian pesos. Importers play a crucial role in such transactions by exchanging currencies unofficially with a minimal loss compared to official channels. The profitability in the black market often stems from offering better rates than the formal system, leading to lucrative swaps and substantial profits. Global ventures, like Chinese investments, navigate through black markets due to their capital restrictions, fueling the demand for such covert financial transactions.
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