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Meanwhile money laundering through slot machines, hairdressers, car washes and other low transaction value covers remain entirely unaffected.

deleted 4y ago
[deleted]
eastbound 4y ago
IRS is ok with that because tax is paid. It wouldn’t bring any technical value to arrest those people; It would just reduce corruption. Ironically.
peoplefromibiza 4y ago
what's your solution? ban hairdressers and car washes?
- manscrober 4y ago
  No good solution existing doesn't mean we should implement useless measures that restrict freedom. Assuming a similar percentage of car washes and hairdressers launder money( similar to how many >10k cash transactions are for money laundering) we could ban hairdressers and car washes from using cash all together. To fight corruption... I think the problem we should fight, if any, is not the laundering. I simply can't imagine a good return on the investment in terms of fought-corruption vs permanently removed rights. I also don't get the argument of "very few people it" against cash. Sure, the usage is low, but why would we then take away the right? To me this is like taking away the right to protest because 99% of people are almost never on the streets(made up statistic). Restrict people's bank accounts and see how quickly they will start using cash instead; I've seen this happen. Similarly, restrict people's rights and they will head for the streets.
  - CogitoCogito 4y ago
    > Assuming a similar percentage of car washes and hairdressers launder money( similar to how many >10k cash transactions are for money laundering) we could ban hairdressers and car washes from using cash all together. And how many >10k cash transactions are for money laundering exactly?
seppel 4y ago
This is (from the perspective of the state) good money laundering, because you pay taxes on it.
vl 4y ago
But also there is just so much that can be laundered through such businesses and each of them requires hands-on management.
Teandw 4y ago
You've been watching too many movies and TV programmes. Things like using car washes to launder money are pretty much a dead thing because it's one of the worst ways to do it.
- TheAlchemist 4y ago
  Do you have any evidence on it ? I have a friend who owns a laundry business and he was approached by somebody who pretty obviously wanted to buy it to … launder money.
- chupy 4y ago
  On the block where I live there are a couple of hairdressers all empty and also a café owned by shady 20 year old Albanians. A bunch of shops for construction gear where there is nobody etc. It's possible that it's a bad way to launder money but it does still exist.
- amelius 4y ago
  Unless you offer a $100K cleaning program.

deleted 4y ago

[deleted]

eastbound 4y ago

IRS is ok with that because tax is paid. It wouldn’t bring any technical value to arrest those people; It would just reduce corruption. Ironically.

peoplefromibiza 4y ago

what's your solution? ban hairdressers and car washes?

manscrober 4y ago
No good solution existing doesn't mean we should implement useless measures that restrict freedom. Assuming a similar percentage of car washes and hairdressers launder money( similar to how many >10k cash transactions are for money laundering) we could ban hairdressers and car washes from using cash all together. To fight corruption... I think the problem we should fight, if any, is not the laundering. I simply can't imagine a good return on the investment in terms of fought-corruption vs permanently removed rights. I also don't get the argument of "very few people it" against cash. Sure, the usage is low, but why would we then take away the right? To me this is like taking away the right to protest because 99% of people are almost never on the streets(made up statistic). Restrict people's bank accounts and see how quickly they will start using cash instead; I've seen this happen. Similarly, restrict people's rights and they will head for the streets.
- CogitoCogito 4y ago
  > Assuming a similar percentage of car washes and hairdressers launder money( similar to how many >10k cash transactions are for money laundering) we could ban hairdressers and car washes from using cash all together. And how many >10k cash transactions are for money laundering exactly?

seppel 4y ago

This is (from the perspective of the state) good money laundering, because you pay taxes on it.

vl 4y ago

But also there is just so much that can be laundered through such businesses and each of them requires hands-on management.

Teandw 4y ago

You've been watching too many movies and TV programmes. Things like using car washes to launder money are pretty much a dead thing because it's one of the worst ways to do it.

TheAlchemist 4y ago
Do you have any evidence on it ? I have a friend who owns a laundry business and he was approached by somebody who pretty obviously wanted to buy it to … launder money.
chupy 4y ago
On the block where I live there are a couple of hairdressers all empty and also a café owned by shady 20 year old Albanians. A bunch of shops for construction gear where there is nobody etc. It's possible that it's a bad way to launder money but it does still exist.
amelius 4y ago
Unless you offer a $100K cleaning program.