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Anyone using your guide will be caught if the FBI goes after them. Your guide basically says use Binance/OTC, a fake ID and this bank. And you have zero stuff

by 323 5y ago

Anyone using your guide will be caught if the FBI goes after them. Your guide basically says use Binance/OTC, a fake ID and this bank. And you have zero stuff about actual money laundering - ie, justifying $46 mil suddenly appearing in your name.

paulpauper 5y ago
pro tip: you don't have to launder $46 million at once. you can treat it like a lottery annuity and just skim off a little here and there.
- 323 5y ago
  Some years ago a Dutch teen bought a house with $100k money from stolen bitcoin. He was caught and arrested because he couldn't justify the money. You also need to worry about algos that 10 years from now will analyze bank transfers, purchases ...
  - miohtama 5y ago
    Just move to a place where they do not worry about justifying the money https://news.ycombinator.com/threads?id=miohtama#29331616 https://news.ycombinator.com/threads?id=miohtama#29331616
    - Scoundreller 5y ago
      Canada is already that place. That's why their local purchases didn't catch up with them, but something to do with a (likely) US service.
Matheus28 5y ago
Bitcoin makes this trivially easy… “I mined it a long time ago and forgot about it until now”
- akozak 5y ago
  Isn't that easily verifiable? One expert told us that the chance of catching illicit actors is “magnitudes greater” using blockchain than in the traditional banking sector. Another went so far as to say that “if all criminals used blockchain, we could wipe out illicit financial activity.” https://cryptoforinnovation.org/resources/Analysis_of_Bitcoin_in_Illicit_Finance.pdf https://cryptoforinnovation.org/resources/Analysis_of_Bitcoi...
  - deleted 5y ago
    [deleted]
- paulpauper 5y ago
  except that everything is time stamped
miohtama 5y ago
> And you have zero stuff about actual money laundering - ie, justifying $46 mil suddenly appearing in your name. In China and Russia they give you a party membership if you manage to steal such an amount from a Western individual or a company. In Dubai, that is an US ally, they just do not care. You can march to a shop with $2M cash or Bitcoin and buy a lambo. Just move to Dubai. They have financial regulator compliance, but it is just on the paper and in real life you get away with anything. Dubai is for crooks and shady money. These is no extraction treaty. The lifestyle is bling bling, good for crooks that want to flash their rolexes. You need to be really really stupid getting caught in Dubai, but it may happen if you are too outrageous: https://www.bbc.com/news/world-africa-53361490 https://www.bbc.com/news/world-africa-53361490
Eelongate 5y ago
Become an "artist" and buy NFTs from yourself?

by 323 5y ago

paulpauper 5y ago

pro tip: you don't have to launder $46 million at once. you can treat it like a lottery annuity and just skim off a little here and there.

323 5y ago
Some years ago a Dutch teen bought a house with $100k money from stolen bitcoin. He was caught and arrested because he couldn't justify the money. You also need to worry about algos that 10 years from now will analyze bank transfers, purchases ...
- miohtama 5y ago
  Just move to a place where they do not worry about justifying the money https://news.ycombinator.com/threads?id=miohtama#29331616 https://news.ycombinator.com/threads?id=miohtama#29331616
  - Scoundreller 5y ago
    Canada is already that place. That's why their local purchases didn't catch up with them, but something to do with a (likely) US service.

Matheus28 5y ago

Bitcoin makes this trivially easy… “I mined it a long time ago and forgot about it until now”

akozak 5y ago
Isn't that easily verifiable? One expert told us that the chance of catching illicit actors is “magnitudes greater” using blockchain than in the traditional banking sector. Another went so far as to say that “if all criminals used blockchain, we could wipe out illicit financial activity.” https://cryptoforinnovation.org/resources/Analysis_of_Bitcoin_in_Illicit_Finance.pdf https://cryptoforinnovation.org/resources/Analysis_of_Bitcoi...
- deleted 5y ago
  [deleted]
paulpauper 5y ago
except that everything is time stamped

miohtama 5y ago

> And you have zero stuff about actual money laundering - ie, justifying $46 mil suddenly appearing in your name. In China and Russia they give you a party membership if you manage to steal such an amount from a Western individual or a company. In Dubai, that is an US ally, they just do not care. You can march to a shop with $2M cash or Bitcoin and buy a lambo. Just move to Dubai. They have financial regulator compliance, but it is just on the paper and in real life you get away with anything. Dubai is for crooks and shady money. These is no extraction treaty. The lifestyle is bling bling, good for crooks that want to flash their rolexes. You need to be really really stupid getting caught in Dubai, but it may happen if you are too outrageous: https://www.bbc.com/news/world-africa-53361490 https://www.bbc.com/news/world-africa-53361490

Eelongate 5y ago

Become an "artist" and buy NFTs from yourself?