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People tend to have specific misconceptions when it comes to money laundering. These misconceptions will hinder them from laundering their money effectively, leading to unusable money and in the worst case getting arrested. In this post, I attempt to set them straight. Full disclosure: I offer Money-Laundering-as-a-Service (MLaaS) at http://b65ze74m3lamadtwj2pewolciq3gxafkvjbekxejz67ar32gqbp5v4ad.onion Anyone can use Money-Laundering-as-a-Service (MLaaS) to launder their money without any knowledge of money laundering. This however puts the customers into a weak position as they do not know what to expect from the service they are purchasing. This post tries to educate potential customers so that they are better equipped to select the best service for their needs. Even if you want to launder the money yourself you may find this post useful. Misconceptions #1: I cannot launder money anonymously If anyone assisting you launder money knows your true identity, you are not anonymous. This makes you vulnerable. There are many potential methods to launder money that require you to disclose your identity to parties that know you are trying to hide something. There are even MLaaS providers employing such inadequate methods. Using such methods will put your future in the hands of others and will open you to blackmail. Celebrities and even politicians have fallen and will fall for this trap. However, there are modern, well-thought money laundering methods that do not require you to disclose your identity to anyone on the money laundering chain. When applied correctly, it makes it impossible to deduce who you are. This ensures your safety even if all links in the laundering chain get busted. Thus, money can be laundered fully anonymously. #2: I cannot launder money remotely This is false. Even before the Internet, you could launder money remotely if you knew the right people. Without connections, you had to make trips to Panama or other offshore locations. With the advent of the internet and especially cryptocurrencies, it has become possible to do it all online from the leisure of your home. The remotely usable laundering methods are not only more convenient, but they are also much safer than the ones that require you to physically visit places. Thus, money can be laundered fully remotely. #3: Laundering money is not safe Safety can mean many things. I define safety as the condition of your money and freedom being protected from dangers. When laundering money, there are dangers to your safety caused by money laundering vehicles and officials. I will consider them separately. Safe from money laundering vehicles Money laundering vehicles are all the means you use to launder your money. For example, all the parties you deal with and all the tools you use. I only consider online vehicles as safety cannot be guaranteed with offline vehicles. The basic rule is that none of the vehicles you use should know your true identity and you should not need to trust your money on any of the vehicles. These rules sound simple but it is notoriously easy to make fatal mistakes in them. The fewer vehicles you use, the harder it is to make mistakes. In an ideal case, you only need a single money-laundering vehicle. MLaaS providers who offer guarantees are such vehicles. While they use various vehicles themselves, they know their vehicles by heart and can guarantee your safety when using them. The downside is that you need to trust the money launderer. There is always a risk when dealing online. This risk can be minimized by using escrow services. You should only deal with partners that accept escrow. Aside from protecting your money from the MLaaS providers, you should also protect your identity. Never let them know your identity. Otherwise, you are vulnerable and will get busted if the money-laundering service gets busted. If you decide to use an MLaaS provider, make sure they explain their laundering methods before execution. Otherwise, you cannot be sure that they cannot deduce your iden