4 ms·

I completely disagree. It's correct to blame crimes on the bad guys. Theft and fraud are actual crimes with actual victims. Money laundering is a non-crime, an

I completely disagree. It's correct to blame crimes on the bad guys. Theft and fraud are actual crimes with actual victims. Money laundering is a non-crime, and the rest of us shouldn't have to suffer an authoritarian financial system just because some people commit crimes. Banks should provide a dumb service like phone companies do. It wouldn't be reasonable for the phone company to interrogate you about why you're making so many late-night phonecalls, and it's not reasonable for the bank to interrogate you about why you're depositing so much legal tender.

avmich 8y ago
> Money laundering is a non-crime I don't agree with this, by definition of ML as illegal operation as made with illegal money.
shkkmo 8y ago
Money laundering is fraud. Most of the transactions involved companies created and owned by the Troika Dialog. This money laundering directly enabled a number of very harmful and illegal activities. While I can understand valuing and protecting financial privacy, I fail to see how you can see Troika Dialog as blameless here. In general, financial privacy must be balanced against financial transparency and enforcement. Tax evasion, embezzlement, bribery and other financial crimes come with significant costs to society.
- baybal2 8y ago
  If it really should, opening a bank should not be easier than opening a bank account. In, I think, half of Western world, banking licenses are issued with no questions asked aside basic formalities. You can't justify at all how anal are the banking regulations towards individuals, when bank owners are allowed an effective anonymity and life free of state intrusion. Today's AML mass hysteria is not much different from the terrorism "security theatre" – completely ineffectual
Terr_ 8y ago
> Money laundering is a non-crime By that logic, a Ponzi scheme would also a "non-crime," since in both cases there's "real money", and in both cases someone is lying (i.e. committing fraud) about the details of its flow.
NullPrefix 8y ago
>Money laundering is a non-crime Burning the body isn't a crime either? He was already dead, so it's OK.

avmich 8y ago

> Money laundering is a non-crime I don't agree with this, by definition of ML as illegal operation as made with illegal money.

shkkmo 8y ago

Money laundering is fraud. Most of the transactions involved companies created and owned by the Troika Dialog. This money laundering directly enabled a number of very harmful and illegal activities. While I can understand valuing and protecting financial privacy, I fail to see how you can see Troika Dialog as blameless here. In general, financial privacy must be balanced against financial transparency and enforcement. Tax evasion, embezzlement, bribery and other financial crimes come with significant costs to society.

baybal2 8y ago
If it really should, opening a bank should not be easier than opening a bank account. In, I think, half of Western world, banking licenses are issued with no questions asked aside basic formalities. You can't justify at all how anal are the banking regulations towards individuals, when bank owners are allowed an effective anonymity and life free of state intrusion. Today's AML mass hysteria is not much different from the terrorism "security theatre" – completely ineffectual

Terr_ 8y ago

> Money laundering is a non-crime By that logic, a Ponzi scheme would also a "non-crime," since in both cases there's "real money", and in both cases someone is lying (i.e. committing fraud) about the details of its flow.

NullPrefix 8y ago

>Money laundering is a non-crime Burning the body isn't a crime either? He was already dead, so it's OK.