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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-your bank account transfers that money to another account, or sometimes it is withdrawn in cash; [eventually] uncle will receive money that is essentially clean i.e. hard to prove that was generated through crime; or it ends up financing a Semtex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.

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