More broadly, it’s a boring cliché to furnish the back seat of a luxury car with video screens and a fridge, and then call it a private jet for the road. Indeed, the XJ Ultimate seems like a perfect transporter for high-end casino hosts, five-star hotels, and yes, even the companies that operate private jets for hire. Instead of appealing to ultra-wealthy CEOs who like to watch movies while working in the car, the thirty examples might, instead, find owners who need to shuttle VIPs in style. Trusts and corporate vehicles, depending on the jurisdiction, need not disclose their true owner. For example, non-cash proceeds that are already in the financial system would not need to be placed. The Ultimate’s 20-speaker audio system has been designed by a British company called Meridian, which engineered the stereos in the Range Rover Evoque and McLaren MP4-12C. Jaguar and Land Rover have been rolling out extra-posh versions of their cars for the past few years. Money laundering can take several forms, although most methodologies can be categorized into one of a few types.
The Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) reported that the Russian Federation, Ukraine, Turkey, Serbia, Kyrgyzstan, Uzbekistan, Armenia and Kazakhstan have encountered a substantial shrinkage of tax base and shifting money supply balance in favor of cash. Tax amnesties: For example, those that legalize unreported assets and cash in tax havens. Many countries introduced or strengthened border controls on the amount of cash that can be carried and introduced central transaction reporting systems where all financial institutions have to report all financial transactions electronically. Financial institutions have likewise undertaken efforts to prevent and detect transactions involving dirty money, both as a result of government requirements and to avoid the reputational risk involved. Aimed at satisfying a champagne-sipping workaholic that may not exist, Jaguar’s efforts on the XJ Ultimate were mostly carried out in the XJ’s rear compartment. The XJ’s rear bench seat has been yanked out, and in its place, automotive curators installed two individual seats.
The individual will then play for a relatively short time. Law enforcers normally have to prove an individual is guilty to seize their property, but with money laundering laws money can be confiscated and it is up to the individual to prove that the source of funds is legitimate to get the money back. In United States law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. Laws against money laundering were created to use against organized crime during the period of Prohibition in the United States during the 1930s (citation needed). Issues relating to money laundering have existed as long as there have been large scale criminal enterprises. Organized crime received a major boost from Prohibition and a large source of new funds that were obtained from illegal sales of alcohol. Money laundering typically involves three steps: The first involves introducing cash into the financial system by some means (“placement”); the second involves carrying out complex financial transactions to camouflage the illegal source of the cash (“layering”); and finally, acquiring wealth generated from the transactions of the illicit funds (“integration”). Finally, it is integrated into the financial system through additional transactions until the “dirty money” appears “clean”.
According to a report by Chainalysis these types of wash trades are becoming increasingly popular among money launderers especially due to the largely anonymous nature of transactions on NFT marketplaces. Unaccounted cash received via disguising financial transactions is not included in official financial reporting and could be used to evade taxes, hand in bribes and pay “under-the-table” salaries. It is defined as knowingly engaging in a financial transaction with the proceeds of a crime for the purpose of concealing or disguising the illicit origin of the property from governments. Transaction laundering is a massive and growing problem. Dirty money might be used to pay them. Mechanically, the only difference between an XJ Ultimate and lesser XJs is that the rear air suspension has been tuned for “optimized ride comfort.” So perhaps it’s a bit more forgiving, then. The exterior of the XJ Ultimate gets chrome finishing for the lower air intakes on the front fascia, and some “Ultimate” badging. Five screens bedeck the rear of the XJ Ultimate. Jaguar’s Rear Seat Entertainment system, available on other XJs, is standard in the Ultimate. Black Amethyst. Ironically, Ultimate Black Metallic-which is part of the standard palate for regular XJs-is not available on this car.
