by Blitz_wolf September 10, 2022
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-your bank account transfers that money to another account, or sometimes it is withdrawn in cash; eventually uncle will receive money that is essentially clean i.e. hard to prove that was generated through crime; or it ends up financing a Semtex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-your bank account transfers that money to another account, or sometimes it is withdrawn in cash; eventually uncle will receive money that is essentially clean i.e. hard to prove that was generated through crime; or it ends up financing a Semtex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
by Murdocniccalslover August 22, 2021
El ace de tiktok es @yongqiemo. Esta estrella de Tiktok es conocida por defender a su grupo favorito, debatiendo y argumentando de manera limpia.
by plantaah March 04, 2022
Random Tyler fan: Which alter ego was rapping on the"Odd toddlers" song
Casey Veggies: It was Ace the creator
Casey Veggies: It was Ace the creator
by Kan James January 11, 2022
Jeon Jungkook of BTS
BTS’ Jungkook is considered as the ‘ace’ of K-pop by billions of fans all over the world. He is a legend, an all-rounder with many talent and is often regarded as one of the K-pop idols with the best visuals, as well.
BTS’ Jungkook is considered as the ‘ace’ of K-pop by billions of fans all over the world. He is a legend, an all-rounder with many talent and is often regarded as one of the K-pop idols with the best visuals, as well.
by neko4neko May 23, 2021
Comes from the root word Ace frehley, the lead guitarist of the rock band KISS.
He was the best gutiar player ever in the whole world.
Ace frehleyish means to be very good at guitar or super cool.
He was the best gutiar player ever in the whole world.
Ace frehleyish means to be very good at guitar or super cool.
by Mark st john April 24, 2005