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Every single bank and person conceals illegal activity by your final sentence. You probably have sold something for cash bought by a drug dealer and unknowingl
by beaglessss 2y ago
Every single bank and person conceals illegal activity by your final sentence. You probably have sold something for cash bought by a drug dealer and unknowingly laundered drug money.
The point here is that an unwitting actor is somehow guilty if they did not do KYC. By your standard basically every gas station near the border is a money launderer, since they know damn well much of the cash they take and transmit is drug and cartel money.
And that's the genius of this line of reasoning. There is nary a dollar in circulation that hasnt been used in crime.
- dataflow 2y agoAgain, you're mixing things up and moving goalposts. I wasn't trying to make a case for what money laundering is, only what (as I understand it) it definitely isn't. The example you cite clearly covered up underlying criminal activity, whereas the claim was that you can be guilty of money laundering without any illegal underlying crime. Hence it fails to support the premise. That is all.
- beaglessss 2y ago[flagged]
- dataflow 2y ago> No you're mixing things. I said acts of privacy (with listed examples of reporting large transactions) are made illegal, then you went to only money laundering. How did I move to money laundering? Are we reading the same thread? The comment I initially replied to specifically said, "Why is any attempt at financial privacy deemed money laundering"? > you were being duplicitous. Your premise is a lie designed to mislead the audience. It's quite the opposite, but your personal swipes are pretty uncalled for, so I won't continue.