Engaging in money laundering. Also known as "AC Mashing" and "AC money".
The process of this
illegal money making scheme is simple:
-you a.k.a the "holder" hand over your"square"/"deets"/bank account
information to another party a.k.a "uncle"
- "uncle" then deposits some illicit money, that he made by selling heroin to toddlers and
pretending to be the security team at pensioners' banks, into your bank account
-your bank account transfers that money to another account, or sometimes it is withdrawn in cash;
eventually uncle will receive money that is essentially clean i.e. hard to prove that was generated through crime; or it ends up financing a Semtex order for ISIS
Your account is simply another layer in a money laundering operation.
The objective of this layering of your and other money mules' accounts, is to make it harder for the police's money crime team to detect money laundering
operations.
Negative outcomes from banging AC include: jail time for money laundering; seizure of assets (i.e. money gained from banging AC) through the Proceeds of Crime Act; closure/freezing of the bank account used for banging AC; a negative effect to the AC banger's credit score, which is sometimes so bad that it can prevent the AC banger opening a new mobile phone contract.
As a final kick to the balls, CIFAS can add the AC banger's
identity to their list of fraudsters for up to 6 years; being on this list can prevent you from opening a new bank account with any other bank.
"Aye two twos mans got this new creps from ac banging, its light work still"
"McD's ain't pay enough so breddas on this ac mashing quick ting"
"
I don't even have a criminal record but I still can't
get a job that needs to pay my salary into a bank account, all because I got caught banging AC about 6 years ago"
"no officer, I wasn't laundering money, I was mashing AC, there's a
difference"
