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Privacy for consumers of money transmitting services is called money laundering.
by CPLX 3y ago
Privacy for consumers of money transmitting services is called money laundering.
- Ar-Curunir 3y agoSeems like cash users (everyone) and cash issuers (the government) are money launderers under this exceedingly broad definition.
- CPLX 3y agoTransmitting cash for others without reporting it would in fact make you a money launderer as well.
- spacemanspiff01 3y agoTry doing things with large amounts of cash, and see what happens. Take a million dollars and buy something with it. Even just depositing 10k in a bank account gets reported to the feds, and possibly investigated (And using lower amounts is illegal under structuring.) That's setting aside the instances of civil asset forfeiture where money is seized because driving with large amounts of cash is assumed to be the product of a crime. So yeah, whether it's a good policy or not, it definitely seems to be the view.
- nabakin 3y agoNo it is not. Maybe you need to look up the definition of money laundering.