4 ms·
>There’s just so much of it that can’t be laundered How come? What money can't be laundered?
by prvit 4y ago
>There’s just so much of it that can’t be laundered
How come? What money can't be laundered?
- svnpenn 4y agowhen you launder money, it has to be in a way that's actually plausible to the IRS. So if you have a small bookstore making 1 million per year, it might look suspicious.
- IshKebab 4y agoIsn't that what NFCs are for?
- scrollaway 4y agoNFC is near-field communication, a system your bank cards and modern smartphones use for transmitting data over very short distances. Maybe you’re thinking of NFS? ;)
- kube-system 4y agoNFS is network file system, a system for computers to access files from other computers over a network. Maybe you're thinking of NFL?
- endofreach 4y agoNFL is the national football league. They play a game called football even though they seem to be carrying the ball with their hands, most of the time. Seems important in the US… Maybe you're thinking of NFV?
- fennecfoxen 4y agoNetwork firewall virtualization certainly could be built on top of a new microkernel in Rust, such as this one, and it may gain some benefits in correctness — but looking at its site, the datacenter networking space doesn't really seem to be part of Redox's core ambitions. Perhaps you're thinking of NAFTA?
- alexvoda 4y agoNAFTA was the North American Free Trade Agreement. This was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America. Even if you could make use of it, it ended in 2020. Perhaps you're thinking of NFO?
- mindcrime 4y agoNFO is the National Farmer's Organization, a producerist movement founded in the United States in 1955. Perhaps you're thinking of NeWS?
- permo-w 4y agoNFO is the National Farmer's Organization, an American farmer's organisation with the stated goal of obtaining higher prices for farm produce perhaps you're thinking of .nfo?
- pbhjpbhj 4y agoNon-Fungible Crap^hTokens
- nerf0 4y agoPardon my ignorance: what does IRS have to do with money laundering?
- pixl97 4y agohttps://www.irs.gov/compliance/criminal-investigation/how-criminal-investigations-are-initiated https://www.irs.gov/compliance/criminal-investigation/how-cr...
- martin_a 4y agoThey'll obviously look into how your business has developed over the past years, compare expenses and income, also to other businesses from the same field, and see if something seems odd. So, starting to book lots of income without scaling expenses etc. will likely raise suspicion and lead to further investigation which can then be passed to law enforcement.
- simiones 4y agoThe IRS is responsible for checking if you are paying the correct amount of taxes, and a component of that is knowing what income you have and where it comes from - since tax depends on the source of income typically (you have to pay different amounts of tax on money you got by selling shares versus money you stole from a shop).
- eurasiantiger 4y agoThis is how they managed to finally bust Al Capone, and probably other untouchables.
- kadoban 4y agoMoney laundering can be seen as spending a lot of effort to pay tax on your criminal earnings. If you managed to launder it in a way that the IRS will accept it and the cops don't notice, you've succeeded and now have spendable money.
- kube-system 4y agoSomeone who launders money has two ways of handling that on their taxes: 1. lie about it, and commit tax fraud 2. tell the truth about it, and document their laundered money
- prvit 4y agoSo? You can just invest more into the laundering infrastructure.