How Government Officials, Chinese Companies & Churches Launder Money- Investments Clubs In Zambia

 

*A Guide for Investments Clubs In Zambia On What To Look Out For When Recruiting New Members*

 

Are you a PEP, a joint venture partner, an investee company, a bank official, a government sleuth? Then this is for you? Otherwise, you might fall pretty to money laundering activities which can lead to you losing your legitimately gotten wealth if it is tainted with laundered money.

 

*#*  smurf-send little amounts, over time, to the bank accounts. Use mules. moving money from the box under the bed, to the banking system. This is called placement.

 

*#*  run cash payment businesses, like garages, bodaboda, scooter, or tuktuk wash, laundry services, hence, money laundering. This is called integration. This is why cashless economy is bad for money launderers. If government of Wakanda wants to reduce money laundering, they must quickly enhance cashless economy, mobile money, wallets, etc.

 

*#*  use cash to buy bank or insurance guarantees, and then, take a loan, default, and the bank gets the property, and you get clean money. Back to back deals. This is why central banks require all until trusts, Joint Venture managers, and other money managers to have clients invest in them through bank transfer, not deposits. The banks shall have done due diligence and run AML cheCks.

 

*#*  register offshore company. Mauritius (now you know why African ministers love going to Mauritius), cayman, Luxemburg, etc. it helps to integrate the money.

 

*#*  prepaid cards, like visa cards, and gift cards, can be used to acquire goods, they are sold, and then, the sale of the gift card, or use of prepaid card to buy and sell an item, bring money into the banking system. Placement. Which is the toughest part of money laundering.

 

*#*  using shell companies. One key rule of money laundering is to create anonymity, and break the chain between the dirty source and current holder of assets. Buying an offshore shell company, at less than Wakanda money, USD. 1,500, is enough to get that. So, the AML official has to go ahead and sue three degree rule, and to go ahead and find who is owner of the company investing from offshore. All these joint venture partners trooping at investment authorities. Boom.

 

*#* got to casino, buy chips in cash, say, for 10 million, play and bet, lose 2m, cash in the remaining chips, and declare as gambling income.

 

*#*  loan sharking, run a money lending operation, indicate you are loaning people money at sharking rates, say, 15% p.m, loan them, they default, you indicate that they paid partially, you now have a property, and you have mixed dirty money to new money. Think in terms of senior accounting officers, permanent secretaries, etc, in Kenya, who own money lending businesses downtown Nairobi, or who partner with lenders.

 

*#*  do Mexican export-import operation. Buy goods expensively, cash, and sell at discount, to get money into the banking system (record you sold them at high profit).

 

*#*   real estate construction. Always be building, but not selling. Build to rent, show high rent and occupancy, employ a lot of foreigners to avoid contact with security agents and reduce manipulation. Keep adding dirty money to low rental collections. Any real estate developer who seems to have a lot of buildings, and is not selling, is a classical money laundering operation. It takes 3 years for rental income to build another house. How can someone build 20 apartments or buy in joint venture with Twende.store for lease financing of them, without selling some to make profit to acquire others? Banks, be ware.

 

*#*  real estate 2.0. build, forever. Deliver truCks half full of sand or murram, and pay for full, to  company you own, or your daughter owns.

 

*#*  investing loan money. I take my drug or corrupt dealing money from Africa. I buy crypto currency. I go to Austria, Estonia, cyprus, cyman islands. I convert crypto to cash. I bank the money. I borrow a loan from the very bank. Secured by the money I just deposited. I use the loan to partner with Ck in motorcycle & tricycle joint venture lease to own financing back at home in Mogadasbodaboda, scooter, or tuktuk If anyone asks where my money came from, I can easily show them lending document. It was a loan. Only, it was my dirty money, not clean. FIA needs to ask deeper questions, show is security for that loan. Who owns the collateral?

 

*#*  real estate 2.0. build, forever. Deliver truCks half full of sand or murram, and pay for full, to  company you own, or your daughter owns.

 

*#*  bitcoin and crypto if used to clean money with dirty money, then, the mixed bitcoin is deposited into an account, and then, into the bank. Bitcoin covers the source, since the coin is a code, with no source.

 

*#*  deal in gold. They are the best way to transform drug and dirty money into a pseudo financial instrument, and then, use good money to buy the gold at a discount, so, you mix the good and bad money, and then, sell the gold, still at a further discount, and now, you have totally clean money in your account to partner with Ck in motorcycle & tricycle joint venture lease to own financing. Joint Venture managers need to ask third degree questions. Where did this money come from before it came to you!

 

*#*  open a trading company in Dubai, so, when you, as a politician or parastatal CEO or police top dog, get a kiCkback there in cash, you send your cousin to go and use it to buy high powered mpekonis, or tiles, or chinaware, or clothes, or bodaboda, scooter, or tuktuk engines, etc, which you bring here, and sell on installment plan, so, you keep earning little moneys, in cash, and in bank account deposits to a third party company. Import -export trading companies are great at laundering. Motorcycle & tricycle lease to own assets need to have AML questions, and to use their compliance officers to cheCk on PEPs.

*Twende.store, Creating jobs for youths in africa, one bodaboda at a time!*

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ZANAICA is promoted and hosted by Twende, an on-demand platform and Zambia’s first superapp, that also offers motorcycles (bodabodas) and tricycles (tuktuks), on lease to own, hire purchase model. Twende promotes investment clubs as an initiative to promote savings and investment culture in Zambia. To get free investment club training, do not hesitate to contact us on facebook at https://wa.me/+254103242604, or https://chat.whatsapp.com/HNosGG0OmdWHvXnFHVSLoh or email us at zanaica@twende.store or visit Twende offices at Manda Hill, Plot 271/C.