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money to another account, or sometimes it is withdrawn in cash; eventually uncle will receive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"
