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right, it was a half baked plan, but its not impossible. typically you would want either a corporate account in a country with little accurate banking informati

right, it was a half baked plan, but its not impossible. typically you would want either a corporate account in a country with little accurate banking information required, and then you would obfuscate the origins with casinos. (Fake players losing, or simply exchanging large amounts of chips which have no record of ownership, but this is a nuance because it only need to happen on paper) To get it back to you in large amounts as clean money, you would need to have another corporation that contracts with the casino or other service provider, and it is paid with money that is clean for all intents and purposes.

antjanus 9y ago
Basically what Bitcoin laundering does: create a bunch of users, route the money in small transactions a million times, and repeat the process. Except what you're also suggesting is doing it in a country where that specific information would be obscured even further.
- appetizer 9y ago
  yeah I didn't want to derail the discussion with cryptocurrency, as it is better and requires less cooperation, between partners. but the problem here is the name on the bank accounts even if you wanted to get to cryptocurrency, you would really want a nominee director on the corporate bank account, but then you have to trust they don't take the money (there are plenty of reputable ones though). if you had that much in cash already then you could buy mining hardware. set up a solar powered mining farm and get cryptocurrency over the next 6-12 months, then you have the liquidity. if you are interested in national currency and bigger material things, then you will still need to contract w/ a crypto-service so that you could report income, but the crypto-service's funding source would be a deadend for auditors. There are many reasons to mine at a loss.
ben_jones 9y ago
Or a country where you can bribe some clerk to "lose" the paper work. So basically anywhere.

antjanus 9y ago

Basically what Bitcoin laundering does: create a bunch of users, route the money in small transactions a million times, and repeat the process. Except what you're also suggesting is doing it in a country where that specific information would be obscured even further.

appetizer 9y ago
yeah I didn't want to derail the discussion with cryptocurrency, as it is better and requires less cooperation, between partners. but the problem here is the name on the bank accounts even if you wanted to get to cryptocurrency, you would really want a nominee director on the corporate bank account, but then you have to trust they don't take the money (there are plenty of reputable ones though). if you had that much in cash already then you could buy mining hardware. set up a solar powered mining farm and get cryptocurrency over the next 6-12 months, then you have the liquidity. if you are interested in national currency and bigger material things, then you will still need to contract w/ a crypto-service so that you could report income, but the crypto-service's funding source would be a deadend for auditors. There are many reasons to mine at a loss.

ben_jones 9y ago

Or a country where you can bribe some clerk to "lose" the paper work. So basically anywhere.