logo
episode-header-image
Dec 2021
8m 33s

ELI5 Money Laundering - what, why and ho...

ELI5 Explain Like I'm Five Podcast
About this episode

What is money laundering? Why can’t a criminal just spend good old fashioned cash? What are some of the ways used by criminals to launder money? Besides casinos, why are laundromats often mentioned? Why are countries like Panama and Cyprus ideal for laundering money?

... we explain like I'm five

Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: courtimus, atomkanister, el_mochilero, skatingraccoon, jakob4800, mechadragon469, m34tbag, slippedtheslope and paxnova

To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter:

https://www.twitter.com/eli5ThePodcast/

or send us an e-mail:

ELI5ThePodcast@gmail.com

Up next
Jan 2022
ELI5 Artificial Sweeteners - good for weight loss or bad for you?
Why was VitaminWater sued over the 33g of sugar in each bottle? How do our bodies work with artificial sweeteners? Why do diet sodas taste different to regular ones? Are artificial sweeteners a good way to lose weight? Do they cause cancer? Why nutrition labels for TicTacs list z ... Show More
9m 19s
Dec 2021
ELI5 Orange Juice - how is it economically viable?
It takes a dozen oranges to make a single glass of OJ, so how is it economically viable? Why does Tropicana taste different to Simply Orange if they are both 100% orange juice? Some people say orange juice is as unhealthy as soda - is this really true? Why does orange juice taste ... Show More
7m 59s
Dec 2021
ELI5 Electric Sockets - why isn't there a global standard?
Why is there a difference in voltage between America and pretty much the rest of the world? Is there an advantage to one vs the other? How did we end up with so many different types of electrical sockets? What’s different about the ‘shavers only’ sockets you see in bathrooms? ... ... Show More
7m 51s
Recommended Episodes
Jul 2023
132: How Does Money Laundering Work
It seems that there is a lot of money missing from Alex Murdaugh's ill gotten gains.Was it laundered? How does money laundering work?We talk to Chip Contrell, an expert in money laundering.Check out the Impact of Influence FB page Our Sponsors: * Check out Rosetta Stone and use m ... Show More
32m 41s
Dec 2021
The Art of Money Laundering
Who can put a price on art? Every year, anonymous buyers and sellers across the planet move works of fine art for millions of dollars, with no questions asked. It's a playground of the well-off -- and, it turns out, one of the best places in the world to launder dirty money. In t ... Show More
58m 57s
May 2024
Laundering Black Rage: Capitalism, Empire, and The Mechanics of Co-optation
Rasul Mowatt and Too Black join Breht to discuss their new book Laundering Black Rage: The Washing of Black Death, People, Property, and Profits. The book is a spatial and historical critique of the capitalist State that examines how Black Rage—conceived as a constructive and log ... Show More
2h 17m
Feb 2024
Episode 491: Hunting the money launderers - The business of crime
A network of seemingly legitimate businessmen are under investigation by the Gardai in a massive crackdown on the laundering of dirty money. This week a businessman, Wesley Williams, was jailed for his part in a laundering scam involving euro 1.4 million in cash. The married fath ... Show More
38m 6s
Oct 2023
Do you REALLY understand Money? | Money Mondays
Money is something we're not very well educated about in America. I will always be an advocate for saving money for a rainy day, but there are smart things you can do with your money too! It's time to start getting educated on that. I had the pleasure to join Dan Fleyshma ... Show More
26m 33s
May 2022
CLASSIC: Money, Mystery and Millionaires: The Panama Papers
You've probably heard of shell companies, tax havens and offshore trusts. But how common are they? How many people use these techniques as a way to squirrel away money from the prying eyes of taxpayers, governments and non-billionaires? What exactly did these Panama Papers reveal ... Show More
43m 36s
Feb 2022
7 Tips to Avoid Cryptocurrency and NFT Scams
Ready to invest in crypto and NFTs but don't want to get scammed? Laura answers listener questions about who should own crypto assets, the potential risks, and how to know when a cybercriminal is trying to take advantage of you. Read the transcript on Quick and Dirty Tips. Check ... Show More
21m 29s
Dec 2021
Ask HTM - Cryptocurrency Tax Moves, Savings in a Robinhood Account, Frugal or Cheap: Family Edition #448
We’re kicking off the week by answering listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask/ , send us your voice memo. Regardless of how random or bizarre you might think it is, ... Show More
47m 7s
Oct 2007
044 MG Dollars and Anti-Dollars
Why is the price of gold so high? Help us out by writing a review at iTunes. Questions go to money@qdnow.com. Also, check out Legal Lad's Quick and Dirty Tips for a More Lawful Life. Thank you! 
3m 51s
Apr 2024
Understanding Bitcoin–It’s History, Halving, and Controversy
Laura explains Bitcoin's history, an upcoming event known as a halving, and why the cryptocurrency is controversial.Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemai ... Show More
13m 2s