"Word for word and letter for letter"- from Latin. In modern times we typically shorten the phrase to the single word verbatim, meaning word for word.
by splendidcakes July 27, 2016
Get the verbatim ac literatim mug.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-your bank account transfers that money to another account, or sometimes it is withdrawn in cash; eventually uncle will receive money that is essentially clean i.e. hard to prove that was generated through crime; or it ends up financing a Semtex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-your bank account transfers that money to another account, or sometimes it is withdrawn in cash; eventually uncle will receive money that is essentially clean i.e. hard to prove that was generated through crime; or it ends up financing a Semtex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.4 60 AC
instead of using the car air conditioner, 4 windows down going 60 mph
- the 4 60 AC
usually when on the highway
instead of using the car air conditioner, 4 windows down going 60 mph
- the 4 60 AC
usually when on the highway
by Dr. Sick-Nasty June 20, 2006
Get the 4 60 AC mug.4 40 AC
instead of using the car air conditioner, 4 windows down going 40 mph
- the 4 40 AC
same as the 4 60 AC, except when going through a neighborhood you use the 4 40 AC
instead of using the car air conditioner, 4 windows down going 40 mph
- the 4 40 AC
same as the 4 60 AC, except when going through a neighborhood you use the 4 40 AC
by Dr. Sick-Nasty June 20, 2006
Get the 4 40 AC mug.The act of putting a bucket of ice behind a fan in an attempt to cool the air. Just another invention from a small town called El Monte. Also see mexican bath.
by Matt, Steve, Josh June 11, 2006
Get the Mexican AC mug.A sweet feeling of contentment, when you have partied sooooooo hard, you almost have a heart attack.
by Bridget_bones October 23, 2010
Get the party-ac arrest mug.