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You're mixing money laundering and terrorism funding. Terrorism doesn't need money laundering, they just need the money. They don't hold large accounts in Europ
by ucaetano 11y ago
You're mixing money laundering and terrorism funding. Terrorism doesn't need money laundering, they just need the money. They don't hold large accounts in Europe where they send the proceeds from their criminal activities to fund their retirements, quite the opposite.
Money laundering is about moving money from illicit to licit activities. Terrorism funding is exactly the opposite.
- jbssm 11y agoThe moment, licit activities move money to illicit activities, they get targeted as illicit activities themselves. So, yeah, money laundering needs to work both ways.
- newjersey 11y ago> Terrorism doesn't need money laundering, they just need the money. You're absolutely correct. The whole thing reeks of security theater. Those people need money for logistics -- food, clothes, lodging and so on while they plan their crimes. I don't believe that there is anything safer than cash for such purposes. Even gold would be to suspicious. I'd imagine you'd want as few people to be in the know of the activity before it happens.