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The line gets really blurry when you see someone buying large quantities of legal products that can be compounded into other products like meth. At what point

by ipaddr 4y ago

The line gets really blurry when you see someone buying large quantities of legal products that can be compounded into other products like meth. At what point are you aiding by selling lye. That's the case here.

JumpCrisscross 4y ago
> line gets really blurry when you see someone buying large quantities of legal products that can be compounded into other products like meth. At what point are you aiding by selling lye. That's the case here. I fully agree on the line, in general, being fuzzy. It's not here. Multiple texts describe Binance helping Hamas circumvent money-laundering flags by moving small amounts, helping a Chicago-based trader hide his U.S. origin, et cetera. If someone buys a bunch of lye, the line is blurry. If they walk in hitting a meth pipe, ask you in which aisle are the meth supplies, and when they hand you their credit card, you advise them to pay in cash so you don't have to draw up a receipt, the line isn't blurry so much as very far away.
- deleted 4y ago
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- notch898a 4y ago
  >Multiple texts describe Binance helping Hamas circumvent money-laundering flags by moving small amounts I was unable to find these. The only hamas bit I found in the indictment was Binance describing generally how Hamas launder in low value quantas like $600. Not texts showing they identified specific hamas accounts and developed individualized plans to assist them.
  - bolanyo 4y ago
    Yes, the line about "after receiving information about 'HAMAS' transactions" seems deliberately intended to withhold the actual content of the conversation about Hamas.
WJW 4y ago
There is no doubt that the line is indeed pretty blurry in many cases. But if the regulators have evidence that you are taking actions specifically to evade the applicable laws, you are firmly on the wrong side of that line.
jjeaff 4y ago
That is an example where it could be blurry, I agree. But if you are suspicious enough to have internal communications about said suspicions and don't make any effort to communicate the same to law enforcement, then the line becomes less blurry.

by ipaddr 4y ago

JumpCrisscross 4y ago

> line gets really blurry when you see someone buying large quantities of legal products that can be compounded into other products like meth. At what point are you aiding by selling lye. That's the case here. I fully agree on the line, in general, being fuzzy. It's not here. Multiple texts describe Binance helping Hamas circumvent money-laundering flags by moving small amounts, helping a Chicago-based trader hide his U.S. origin, et cetera. If someone buys a bunch of lye, the line is blurry. If they walk in hitting a meth pipe, ask you in which aisle are the meth supplies, and when they hand you their credit card, you advise them to pay in cash so you don't have to draw up a receipt, the line isn't blurry so much as very far away.

deleted 4y ago
[deleted]
notch898a 4y ago
>Multiple texts describe Binance helping Hamas circumvent money-laundering flags by moving small amounts I was unable to find these. The only hamas bit I found in the indictment was Binance describing generally how Hamas launder in low value quantas like $600. Not texts showing they identified specific hamas accounts and developed individualized plans to assist them.
- bolanyo 4y ago
  Yes, the line about "after receiving information about 'HAMAS' transactions" seems deliberately intended to withhold the actual content of the conversation about Hamas.

WJW 4y ago

There is no doubt that the line is indeed pretty blurry in many cases. But if the regulators have evidence that you are taking actions specifically to evade the applicable laws, you are firmly on the wrong side of that line.

jjeaff 4y ago

That is an example where it could be blurry, I agree. But if you are suspicious enough to have internal communications about said suspicions and don't make any effort to communicate the same to law enforcement, then the line becomes less blurry.