One way to launder money is to pass off illegally received money as legitimate by paying for fake products ordered online. Although there are many money laundering methods, the question raised by Dilan and Engin Polat is “What is the mail order method and how to send money illegally?” We answered your questions.
Before continuing with the content, let us also point out that this is a crime and there are serious penalties.
Allegations of money laundering via mail order
Businessman Muhammet Yakut made claims about where Dilan Polat’s wealth came from. According to Yakut, Dilan Polat was laundering money through mail order method through jewelry stores. The Polat couple made statements that they earned taxes on all the money they earned, and their claims were lies. Even though the necessary investigations have been carried out, what Muhammet Yakut said has not yet been confirmed.
What is mail order that makes paying by credit card easier?
Before moving on to money laundering via mail order, let’s explain what mail order is. Mail order, which is one of the methods of payment by credit card; A method where you can make payments when your credit card is damaged, when there is an internet/power outage on the POS device, or when you do not have your credit card with you.
Even if you are not in the same environment as the POS device, you can make your shopping easier by paying via mail order. Of course, for this, your credit card must be open to mail order payment method. You can open your credit card for this payment method via internet banking, customer services or internet banking.
How to pay by mail order?
If you are near the POS device but there is no physical withdrawal, payment can be made by manually entering the credit card number, expiration date and security code. Another method is to use a form. The credit card holder’s identity information, credit card information and payment amount are written on the mail order form. Businesses can receive payment with the form signed by the customer.
Filling out forms or sharing information with the business can be considered among the disadvantages of mail order. For this reason, both the business and the customer must protect themselves.
How come payment is made for a product that does not exist?
Mail order, which is among the money laundering methods that have become increasingly common in our country lately, turns illegal money into legal via mail and online means. This method, which involves paying for products that were not actually ordered or issuing fake invoices, also includes different ways.
Money is transferred by representing products that have not been ordered as if they were ordered. The products are then returned (supposedly) and the money is taken for a fake invoice. Another method is to buy fake products and then sell them as real products. Another method through which illegal money is transferred is by issuing fake invoices. Money is demanded from the owner of the black money by issuing a fake invoice. In this way, the person/company transfers the money to the person/company that issues the invoice as if they had made a purchase.
How does money laundering via mail order become such a big deal?
The features and power of the Internet give money launderers an advantage in this regard. The fact that the person making the payment cannot be identified and that there is no way to verify their identity makes it easier. Not knowing where the money transfer takes place and not keeping any records for the transactions make the mail order method advantageous for those who want to launder money.
If you are going to pay by mail order, it is useful to pay attention to the institutions you send forms to and share your information with, and to secure yourself by determining your credit card limits.
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