i only bet on the dogs i can reed the form very well

No idea about the practicalities of money laundering but surely if you staked money on every horse in a race with various bookmakers, you would get back "different" money from which ever horse won? You could lose 10-15% but for criminals that might be acceptable.

23 years ago:

The threat of disciplinary action hanging over Graham Bradley, Richard Guest and Norman Mason has been lifted following the conclusion of the Jockey Club's probe into the ownership history of handicap hurdler Night Fighter.

In a newspaper report published last October, the ex-German five-year-old was alleged to have been used as a vehicle for international criminals to launder drug money when, heavily backed each-way, he finished second at Market Rasen on May 5 last year.

Yesterday, the Jockey Club drew a line under the matter when they said there was "insufficient evidence" to warrant a hearing.

The October article also claimed that, during the course of the police inquiry into race-fixing, Bradley - who brokered the deal that brought the gelding to Britain - was questioned about the cashing of pounds 10,000 worth of chips at a London casino, which he indicated represented payment for a racehorse.

That horse is understood to have been Night Fighter, but the deal subsequently fell through and the horse was sold to permit-holder Mason, who employs Guest as his assistant.

https://www.thefreelibrary.com/No+Night+Fighter+disciplinary+hearing.-a060968716


Worth noting that the SP of Night Fighter in that Market Rasen race, where it was alleged to have been backed each way as an alleged money laundering exercise, was 11/8. Which give an idea of the amount of money alleged launderers are allegedly willing to pay in such an exercise.

Interesting reading screaming about Night Fighter and the same horse was also involved in another dodgy episode.






LEADING permit holder Norman Mason and veteran jump jockey Kenny Johnson will be at Portman Square today to attend a hearing over the running and riding of Night Fighter at Perth on August 21.

The inquiry has been convened under the Jockey Club's `safety net' procedure to investigate a possible breach of rule 151, the non-triers' rule.

Night Fighter was a 14-1 shot for the CSC/Wavincoll Novices' Hurdle, in which Johnson stepped in to replace Scott Taylor after the latter sustained serious head injuries in a fall the previous day.

No official action was taken after the Dashing Blade gelding finished a never-nearer fifth of 11 finishers behind Stellissima, beaten almost 14 lengths after pulling hard, but subsequent scrutiny of the race video by the monitoring department at Portman Square has resulted in an inquiry being called.

Julia Cook, speaking on behalf of the the Jockey Club, stressed the inquiry will be dealt with no differently than if Mason and Johnson had been called before the stewards acting on the day of the race.

"Night Fighter's run has been identified as a possible case to answer under rule 151 and will provide a first chance for the Disciplinary Committee to speak to his connections," she said.

"This procedure has been used only rarely," she added. "It was last used for Len Lungo's Pollyputthekettleon at Kelso in October 1998, when the Committee decided that the horse in question had been ridden in accordance with the trainer's instructions and had been asked for sufficient effort."

Trident • February 22, 2023 6:40 AM GMT

Cagliari said it for me, thank you. It's even simpler using multi location FOBT.

rofl To be quite clear no significant amounts of money have their origin as criminal funds disguised through customers betting online or in shops. They simply fall under the technical definition of criminal funds being utilised.

Back in the day, Chinese restaurant owners would save up their excess undeclared income, pop down to the casino and buy chips. They would march about for a bit having a few bets, maybe, with a confederate, betting equal amounts on red and black and eventually cash in asking for a cheque, which they would photocopy before banking. They produced the photocopy if asked by the Revenue where the funds came from. Those days are long gone and no one believes such simple evidence of criminals beating unbeatable games for significant amounts.

Actual money launderers run online or even b&m casinos, where they can churn huge amounts of money from illegal to apparently legal profits. The tricky bit as usual being getting cash into the banking system.

exactly, as I have said though any use of criminal funds is technically money laundering, which is why you often see it as an add on offence in fraud cases, particularly to the spouse of the primary defendant.

You have to wonder how much of the top end of the UK housing market is purchased by foreigners' dirty money.

"that you needed to launder cash" I don't think you know what "money laundering" means in a legal sense.