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> I can’t think of any purpose of a VPN except to obfuscate your internet history. What are you trying to hide? Money laundering (obfuscating the source of mo

by ardy42 6y ago

> I can’t think of any purpose of a VPN except to obfuscate your internet history. What are you trying to hide? Money laundering (obfuscating the source of money) is actually a crime and for good reason. Obfuscating your internet history is not.

leetcrew 6y ago
isn't it only money laundering if the funds themselves were illegally obtained? if I buy crypto with my wages from a legal job, put them through a tumbler, and then buy a dildo, why is that a problem?
- miguelmota 6y ago
  It's a problem if the source of funds are obtained illegally. Using tumblers is not illegal, but if using tumblers to make 'dirty' money appear clean then that's a problem.
CryptoPunk 6y ago
>>Money laundering (obfuscating the source of money) No, that is not the definition of money laundering. It does not broadly criminalize efforts to maintain financial privacy. Money laundering means hiding the source of illegally obtained money.
- tripldohash 6y ago
  Yes this is correct but you're only halfway through the complete definition of money laundering. Reading this thread was starting to fry my brain due to the amount of people that think money laundering is only about concealing the origin of illegally sourced funds. It's not just about hiding proceeds. You can also use money laundering to hide clean funds from uncle Sam. Take a look at Politicians,Billionaires,The orange president himself and ask yourself why do they all pay such low taxes? The panama papers were about rich people hiding their legally(keyword)sourced funds from say...assets,properties,other investments in offshore bank accounts located in places like Seychelles and panama while setting up shell companies to avoid the tax bracket. Doing all of this is by definition money laundering. Hope this provides clarity.
  - CryptoPunk 6y ago
    >>You can also use money laundering to hide clean funds from uncle Sam. That is NOT defined as money laundering. That is tax evasion.
    - tripldohash 6y ago
      https://www.vernitaxlaw.com/money-laundering-is-tax-evasion/ https://www.vernitaxlaw.com/money-laundering-is-tax-evasion/ I stand corrected.

by ardy42 6y ago

leetcrew 6y ago

isn't it only money laundering if the funds themselves were illegally obtained? if I buy crypto with my wages from a legal job, put them through a tumbler, and then buy a dildo, why is that a problem?

miguelmota 6y ago
It's a problem if the source of funds are obtained illegally. Using tumblers is not illegal, but if using tumblers to make 'dirty' money appear clean then that's a problem.

CryptoPunk 6y ago

>>Money laundering (obfuscating the source of money) No, that is not the definition of money laundering. It does not broadly criminalize efforts to maintain financial privacy. Money laundering means hiding the source of illegally obtained money.

tripldohash 6y ago
Yes this is correct but you're only halfway through the complete definition of money laundering. Reading this thread was starting to fry my brain due to the amount of people that think money laundering is only about concealing the origin of illegally sourced funds. It's not just about hiding proceeds. You can also use money laundering to hide clean funds from uncle Sam. Take a look at Politicians,Billionaires,The orange president himself and ask yourself why do they all pay such low taxes? The panama papers were about rich people hiding their legally(keyword)sourced funds from say...assets,properties,other investments in offshore bank accounts located in places like Seychelles and panama while setting up shell companies to avoid the tax bracket. Doing all of this is by definition money laundering. Hope this provides clarity.
- CryptoPunk 6y ago
  >>You can also use money laundering to hide clean funds from uncle Sam. That is NOT defined as money laundering. That is tax evasion.
  - tripldohash 6y ago
    https://www.vernitaxlaw.com/money-laundering-is-tax-evasion/ https://www.vernitaxlaw.com/money-laundering-is-tax-evasion/ I stand corrected.