Large bills may be outlawed in the near future because they facilitate criminal transactions. This aesthetic will become more widespread as people pay more and more with credit cards or by intelligent phones, which will also facilitate the tracking of money. Notes, foil Guy Clinch observes, "Pecunia non olet was dead wrong. In London Fields by Martin Amis, while smelling a wad of used £50 The article does not say if the Girl Guides took the money. Reginald Forester-Smith, a society photographer who served eight yearsįrom 1999 for sexually abusing three girls, over two decades, one of Trouble is, the cash comes from the estate of notorious paedophile IMAGINE the moral dilemma at Girl Guide HQ where a pounds 400,000 Transactions until the "dirty money" appears "clean."Īddressing specifically the question of smell: Sometimes by wiring or transferring through numerous accounts.įinally, it is integrated into the financial system through additional Then, the money is moved around to create confusion, Illegitimate funds are furtively introduced into the legitimateįinancial system. Involves three steps: placement, layering and integration. Money laundering is the process of making illegally-gained proceeds This article quotes the Unted States Treasury Department: We have the phrases dirty money and money laundering. The United States Supreme Court recently overturned the conviction of an ex-governor, but used the word "tawdry" to describe his actions in accepting gifts from a constituent. This does not necessarily mean that people will not take dirty or smelly money, just that they will rationalize their actions. Some sources of money do stink, in the eyes of the law and in the opinions of many people. The closest phrase is probably Hold your nose and take the money, which is explained below. My answer offers evidence that there may not be an equivalent saying in English today. The origin of the saying was about a tax on urine.
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