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> Can you provide me with just one example why money laundring is supposed to be a good thing? Money laundering isn't good; the actions which are termed 'money

by zeveb 8y ago

> Can you provide me with just one example why money laundring is supposed to be a good thing? Money laundering isn't good; the actions which are termed 'money laundering' in the law are neutral. > And can you explain how the average person is inconvenienced in any way, shape or form by AML / KYC regulations? https://www.washingtonpost.com/nation/2018/09/01/police-seized-couples-cash-they-couldnt-get-it-back-until-they-went-public/?utm_term=.803951aaadac https://www.washingtonpost.com/nation/2018/09/01/police-seiz... https://www.thestreet.com/story/12793654/1/file-10000-irs-form-prevent-asset-seizure.html https://www.thestreet.com/story/12793654/1/file-10000-irs-fo... https://ij.org/michigan-man-cleared-wrongdoing-still-fighting-civil-forfeiture-years-later/ https://ij.org/michigan-man-cleared-wrongdoing-still-fightin... https://www.chicagotribune.com/news/nationworld/ct-customs-agents-cash-forfeiture-20180531-story.html https://www.chicagotribune.com/news/nationworld/ct-customs-a... https://www.forbes.com/sites/instituteforjustice/2018/05/15/customs-agents-seize-cash-nurse-had-saved-to-build-medical-clinic-never-charged-her-with-a-crime/#f2f59957bc95 https://www.forbes.com/sites/instituteforjustice/2018/05/15/... And on, and on, and on. It's a real problem.

CaptainZapp 8y ago
Money laundering isn't good; Just a second, in your original post you say: AML is bad because it makes a crime out of something which isn’t actually bad. So which is it? You can't have it both ways.
- zeveb 8y ago
  You conveniently left out the second clause of the sentence: it’s not good; it’s neutral. There are three moral valences: good, neutral & evil. ‘Money laundering’ is neither good nor evil, but simply neutral. The things it attempts to hide may be evil, but it itself has no moral value. That is my whole point: criminalising it makes a crime out of something which is neither good nor evil.

by zeveb 8y ago

CaptainZapp 8y ago

Money laundering isn't good; Just a second, in your original post you say: AML is bad because it makes a crime out of something which isn’t actually bad. So which is it? You can't have it both ways.

zeveb 8y ago
You conveniently left out the second clause of the sentence: it’s not good; it’s neutral. There are three moral valences: good, neutral & evil. ‘Money laundering’ is neither good nor evil, but simply neutral. The things it attempts to hide may be evil, but it itself has no moral value. That is my whole point: criminalising it makes a crime out of something which is neither good nor evil.