This is an old revision of this page, as edited by Psb777 (talk | contribs) at 15:05, 2 October 2006 (→Laundering is to money what laundering is to clothes). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 15:05, 2 October 2006 by Psb777 (talk | contribs) (→Laundering is to money what laundering is to clothes)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)This is used on the page: $AUD1000. What denomination is that? Since it discusses activities of the US, shouldn't it use US dollars? -Frecklefoot
- I just removed that, and added US currency notation. I think that this could end up being the most useful information on the wikipedia. --DropDeadGorgias
Isn't there a limit on how many times a dollar bill can be bleached and disinfected, before it starts fading? --Uncle Ed
- Probably, but this is not the type of money laundering this article discusses. :) -Frecklefoot
It is a myth that money laundering stems from Prohibition when gangsters used slot machines --- or, the more usual version, when Al Capone used laundromats --- to make illicit monies appear as if they'd come from legitimate sources. In fact, the term money laundering was not used until the Watergate scandal in 1972. The OED is the source for this. For the best and most authoritative work on the subject, see Jeffrey Robinson's "The Laundrymen." - User: Alan Train
- Please correct it in the article, then. Tempshill 21:17, 23 May 2005 (UTC)
- I found this article to be contradictory, had both the OED version of laundering and the other, incorrect source of laundromats, so I deleted the section on laundromats Daries 20:28, 4 April 2006 (UTC)
Wouldn't a church be the ideal way to launder money? Every week, they receive cash offerings from anonymous doners. Then they could "employ" someone and pay them a salary. Does this seem to work?
Laundering is to money what laundering is to clothes
I am surprised that the term money laundering does not arise from making dirty money into clean money. Or did the use of "dirty" and "clean" come after the adoption of the word "laundering". I bet not and that it is this cleansing that "laundering" refers to. Paul Beardsell 00:13, 2 October 2006 (UTC)
This pdf seems to indicate I may be right. Paul Beardsell 15:05, 2 October 2006 (UTC)