4 ms·
This is a false narrative made pretty clear by the indictment: https://www.justice.gov/media/1311391/dl?inline https://www.justice.gov/media/1311391/dl?inline
by coderintherye 3y ago
This is a false narrative made pretty clear by the indictment: https://www.justice.gov/media/1311391/dl?inline https://www.justice.gov/media/1311391/dl?inline
If you start a company and take investment and rake in money without AML controls then you're going to have a bad time.
Don't want to be arrested? Pretty simple: Either live in Russia or don't start a company to make money off of money laundering. Or just build the open-source software without trying to make money off of it.
- hattmall 3y agoWhat if you could create a smart contract / protocol / service whatever it was. That's not a company. It's just software, anybody can use it for any reason. It could be possible that people use it to launder money, or they could not. But when people use it you get paid. Like a creators skim from every transaction. But you don't really have any control over who uses it or whatnot.
- wwtdtgotiatl 3y ago> or don't start a company to make money off of money laundering Funny because real estate agencies across the western world rake it in without fear.
- phs318u 3y agoTo the best of my knowledge, most real estate agencies don't deal in cash transactions (as in "bags of"). Money is transferred from bank to bank. The banks have the responsibility to uphold KYC (know your customer) and AML (anti-money laundering) rules. By the time a real-estate agent and vendor get it, the money has already been washed.