Discussion
sc0tt said:
Tin foil hat much.
The dvla checks cars to see if you have paid for them now ...
carmadgaz said:
A few private buys in cash (cars you sell would show a legit source of cash) before you start doing the same with dealers (part ex when you get up to a decent car and a top up with a few grand (below the alarm bell level). Different car/bike every 6/12 months etc.
A faster approach would be to buy a few as cash (keep it below the 10k(?) level) - so 2x9k cars = 18k. Chop them in as a part ex +8k cash = 26k. Do that with 2 cars in parallel and you have a "clean" 52k in a car within a few weeks without triggering alarm bells?Change some to Euros and buy in Gibraltar/Malta for RHD cars and you have cleaned up some more cash. Make them more eclectic - older cars and you have a more plausible reason when pinging customs. You can sell them at a loss as barn finds and let the new owner go through the DVLA paperwork?
All creates a paper trail but it would be quite obscure. So I think you could probably clean 200k quite quickly.
bazza white said:
sc0tt said:
Tin foil hat much.
The dvla checks cars to see if you have paid for them now ...
Vaud said:
A faster approach would be to buy a few as cash (keep it below the 10k(?) level) - so 2x9k cars = 18k. Chop them in as a part ex +8k cash = 26k. Do that with 2 cars in parallel and you have a "clean" 52k in a car within a few weeks without triggering alarm bells?
Change some to Euros and buy in Gibraltar/Malta for RHD cars and you have cleaned up some more cash. Make them more eclectic - older cars and you have a more plausible reason when pinging customs. You can sell them at a loss as barn finds and let the new owner go through the DVLA paperwork?
All creates a paper trail but it would be quite obscure. So I think you could probably clean 200k quite quickly.
I would have thought Ireland was a quicker and better bet. The border between Ireland and the UK is very slack too, far more so than from Mainland Europe.Change some to Euros and buy in Gibraltar/Malta for RHD cars and you have cleaned up some more cash. Make them more eclectic - older cars and you have a more plausible reason when pinging customs. You can sell them at a loss as barn finds and let the new owner go through the DVLA paperwork?
All creates a paper trail but it would be quite obscure. So I think you could probably clean 200k quite quickly.
Regardless, getting £750k cleaned is going to take an awful lot of effort without leaving a significant paper trail.
Actually, on that note, my Dad knew a local restaurant owner who ran a 'gambling den' in the back room/upstairs of one of his places. He ended up with circa £1 million in cash that was effectively dirty money.
In order to attempt to clean it he put it in the back of his van and drove to Pakistan. Unfortunately he got stopped on the Pakistan border, where it was all confiscated, but had made it all the way there which was fairly impressive. This was back in the mid 90's though, I doubt whether you'd even get out of the UK these days.
1878 said:
Got any source for this? While it sounds theoretically possible, it would require a level of joined up thinking that seems quite unlikely especially given DVLA's challenges doing its core day-to-day job.
In 2015, HMRC had spend seven years and £80m on 'Connect', and it was being launched. It seems that didn't happen, because by January this year, it had risen to 9 years and £100m, and was apparently fully launched this year.And yes, it claims to do what Bazza says.
Using legitimately earned cash buy a run down house (or two) that needs a lot of work. Use the dodgy cash to pay cash in hand builders to do up run down house. Sell the run down house for a profit. Repeat till the cash is gone.
Other one, use legitimate cash to buy a limited edition Porsche from the dealer, use the dodgy cash to bribe said dealer into getting a production slot, sell the Porsche when it arrives for 50% more than you paid for it. Repeat as needed.
Only problem is both ideas need a decent amount of upfront cash that you have good reason to own.
Other one, use legitimate cash to buy a limited edition Porsche from the dealer, use the dodgy cash to bribe said dealer into getting a production slot, sell the Porsche when it arrives for 50% more than you paid for it. Repeat as needed.
Only problem is both ideas need a decent amount of upfront cash that you have good reason to own.
Doofus said:
In 2015, HMRC had spend seven years and £80m on 'Connect', and it was being launched. It seems that didn't happen, because by January this year, it had risen to 9 years and £100m, and was apparently fully launched this year.
And yes, it claims to do what Bazza says.
It might even be tapped into credit card expenditure too.And yes, it claims to do what Bazza says.
EDIT, yes it can -
What HMRC can find out about you
Visa and Mastercard transactions: Anonymised information on all payments
Land Registry records: To determine properties purchased, and stamp duty paid
DVLA: Details of cars purchased and owned by individuals
UK and overseas bank accounts: From this year it receives information from banks in more than 60 countries.
Internal tax documents: Systems show council tax paid, relevant VAT registration, previous tax investigations, last year's tax return (or absence of one)
Earnings: From any employer, including those you have worked for casually, or on an ad-hoc basis. This includes any company benefits received. It can also access child benefit and maintenance payments through the child support agency
Online marketplaces: Websites such as eBay and Gumtree can be accessed to weed out regular traders
Social media: The Connect system can also look at public social media account information, including from Twitter, Facebook and Instagram
Web browsing and email records: Under the 'Snoopers Charter' HMRC will be able to access individual's digital information
Edited by OtherBusiness on Thursday 4th May 11:04
Start gambling. Big city with lots of betting shops, start with £100 bets doing 2 or three bets in each shop, build up to bigger stakes but probably no more than £500 on a single bet, if doing 20 shops per day shouldn't take more than 6 months. When you have any wins get them paid direct to your bank, keep photos of the winning bet slips. Piece of piss.
You just need to find a reliable winning system
Good luck!
You just need to find a reliable winning system
Good luck!Jonmx said:
If it were me, I'd buy a rather nice yacht for cash, £315k, in my case a Beneteau Oceanis 55 (see below) and then set sail for warmer climes. Most places in the Caribbean are amenable to cash purchases so with the remaining £440k cash I'd buy a nice little house, lots of rum, and then see my days out doing charter sailing for rich American tourists of the pretty female persuasion. I met a chap in Barbados last year who's life is pretty much what I described; 2-3 top end charters a week pays for him to run 2 catamarans and to have a nice house.
Nope, sorry. Yacht brokers/boat sales won't take more than about £8K in cash.I guess you could buy one privately, IF you could find someone willing to take £300K in notes, but what do you think will happen when the seller tries to deposit £300K in cash?
OtherBusiness said:
It might even be tapped into credit card expenditure too.
EDIT, yes it can -
What HMRC can find out about you
Visa and Mastercard transactions: Anonymised information on all payments
Land Registry records: To determine properties purchased, and stamp duty paid
DVLA: Details of cars purchased and owned by individuals
UK and overseas bank accounts: From this year it receives information from banks in more than 60 countries.
Internal tax documents: Systems show council tax paid, relevant VAT registration, previous tax investigations, last year's tax return (or absence of one)
Earnings: From any employer, including those you have worked for casually, or on an ad-hoc basis. This includes any company benefits received. It can also access child benefit and maintenance payments through the child support agency
Online marketplaces: Websites such as eBay and Gumtree can be accessed to weed out regular traders
Social media: The Connect system can also look at public social media account information, including from Twitter, Facebook and Instagram
Web browsing and email records: Under the 'Snoopers Charter' HMRC will be able to access individual's digital information
Why do they need / want all that info?EDIT, yes it can -
What HMRC can find out about you
Visa and Mastercard transactions: Anonymised information on all payments
Land Registry records: To determine properties purchased, and stamp duty paid
DVLA: Details of cars purchased and owned by individuals
UK and overseas bank accounts: From this year it receives information from banks in more than 60 countries.
Internal tax documents: Systems show council tax paid, relevant VAT registration, previous tax investigations, last year's tax return (or absence of one)
Earnings: From any employer, including those you have worked for casually, or on an ad-hoc basis. This includes any company benefits received. It can also access child benefit and maintenance payments through the child support agency
Online marketplaces: Websites such as eBay and Gumtree can be accessed to weed out regular traders
Social media: The Connect system can also look at public social media account information, including from Twitter, Facebook and Instagram
Web browsing and email records: Under the 'Snoopers Charter' HMRC will be able to access individual's digital information
Edited by OtherBusiness on Thursday 4th May 11:04
anonymous said:
[redacted]
Of course, it always would have, either on the street by the local beat bobby or these days it's all in the computers. It's why people get caught, largely - the police follow the money and are massively incentivized to do so because of the 2002 proceeds of crime act.It's also the reason why criminal organisations like the Mafia and Yakuza and the Russian mob spend so much time and effort garnering not only larger business networks but also political and local bureaucratic connections. You can't just do a blag and kick back and live the life on the proceeds without either having to go to and live on the Cost del Crime (which is now difficult because of the European arrest warrant and interpol) or South America.
anonymous said:
[redacted]
isn't that the point of laundering cash? its filtered through a legitimate looking business so that you have proof of how you got the money and you've paid all the right taxes. That's why "dirty" money isn't worth as much as clean.Personally I like the art option mentioned by another poster, very small up front cost, and by its nature very difficult to prove that someone didn't come in and pay 1000's for some oil paint splashed on a canvas.
98elise said:
isn't that the point of laundering cash? its filtered through a legitimate looking business so that you have proof of how you got the money and you've paid all the right taxes. That's why "dirty" money isn't worth as much as clean.
Personally I like the art option mentioned by another poster, very small up front cost, and by its nature very difficult to prove that someone didn't come in and pay 1000's for some oil paint splashed on a canvas.
Still think the art gallery would raise questions, why do ALL your customers always pay cash? No cheques/bank transfers?Personally I like the art option mentioned by another poster, very small up front cost, and by its nature very difficult to prove that someone didn't come in and pay 1000's for some oil paint splashed on a canvas.
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