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-your bank account transfers that money to another account, or sometimes it is withdrawn in cash; eventually uncle will receive money that is essentially clean i.e. hard to prove that was generated through crime; or it ends up financing a Semtex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.
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-your bank account transfers that money to another account, or sometimes it is withdrawn in cash; eventually uncle will receive money that is essentially clean i.e. hard to prove that was generated through crime; or it ends up financing a Semtex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"
"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"
by dmillion May 25, 2020
Get the Banging AC mug.by CaptainRedundant November 20, 2014
Get the grade banging mug.Related Words
Banginger
• Bangingest
• banging!
• bazingers
• Banging Out
• ballinger
• bangine
• bagfingers
• baginer
• balsinger
by Gigalo August 8, 2017
Get the hard banging mug.Rachel Ballinger, a youtuber, vlogger, and dog mom.
As of January 2021, she is single, having broken up with her longstanding boyfriend in late 2020. Fan’s suspicions were confirmed when she did a tiktok with Colleen Ballinger, and put a finger down because she went through a breakup in 2020.
She has 2 pit bulls, Blaze and Snoop who are both very cute. Blaze is grey- brown and Snoop is white and black.
Some pastimes of hers include scrolling through tiktok, dog training, and watching netflix.
As of January 2021, she is single, having broken up with her longstanding boyfriend in late 2020. Fan’s suspicions were confirmed when she did a tiktok with Colleen Ballinger, and put a finger down because she went through a breakup in 2020.
She has 2 pit bulls, Blaze and Snoop who are both very cute. Blaze is grey- brown and Snoop is white and black.
Some pastimes of hers include scrolling through tiktok, dog training, and watching netflix.
by skatergirl_8D January 21, 2021
Get the Rachel Ballinger mug.Filipino slang for gay. Rooted from the word Mazinger-Z the 70's robot and changed the first letter from "M" to "B" making it "Badinger-Z"
Magaling gumupit yung mga badinger-z's sa Propaganda Salon.
(The Badinger-Z's gives good haircuts in Propaganda Salon.)
(The Badinger-Z's gives good haircuts in Propaganda Salon.)
by Ivoryboy August 7, 2008
Get the badinger-z mug."We were glasses-banging in the computer lab, and then I totally buffer-overflowed all over her face."
by hippityhoppity11 May 22, 2009
Get the glasses-banging mug.by bradmac January 20, 2009
Get the banging like a beast mug.