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The anonymous whale sent from one wallet to another just to rotate their address? Or have they actually sent this money to someone else? Was this money acquired
by dudus 6y ago
The anonymous whale sent from one wallet to another just to rotate their address? Or have they actually sent this money to someone else? Was this money acquired legally? Is it being used for illegal activity? A Bank would have to audit it at the very least, so there's value for the people at having banks manage that transfer rather than let them do it anonymously.
Also for someone with $166M cost of a large transfer seem negligible even if it was in the 100s of thousands. Unless they need to move it all the time continuously, in which case I'd ask, why do they need that?
- UncleDiaz12 6y agoAnti-Money Laundering laws only catch 0.5% of illicit funds, yet cost 100x the money recovered. https://www.ledgerinsights.com/anti-money-laundering-has-less-than-1-impact-on-crime-at-what-cost/ https://www.ledgerinsights.com/anti-money-laundering-has-les... Also, the $10K threshold for additional AML scrutiny has been the same amount for nearly 50 years. It should be close to $50k in today's dollars due to inflation.
- nmlnn 6y agoIn 1970 when these AML thresholds were set a dollar was tied to gold at $35/oz. So based on the gold price today it's actually: $10,000 (1970) = $10,000 x 1880/35 = ~$537,000 (2020)