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> And simply having or moving money is not probable cause. What do you mean? AML laws specifically call for investigating suspicious transactions.
by gowld 5y ago
> And simply having or moving money is not probable cause.
What do you mean? AML laws specifically call for investigating suspicious transactions.
- vmception 5y agoThey require banks to file notices of some transactions from non-KYC’d sources But not from sources they’ve assumed to be KYC’d The notice merely gives the government paperwork to make their job easier if an investigation begins. It doesn’t begin the investigation.