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If you have $100 in $10 bills from an unknown source and suspect that it might have come from illegal activity, stick it into a jar where 100 people have each p

If you have $100 in $10 bills from an unknown source and suspect that it might have come from illegal activity, stick it into a jar where 100 people have each put $100, and then pull out $100 at random in an attempt to disconnect from its potentially illegal nature, that is called money laundering. If you know that your money is legally obtained and put it in the same jar (for privacy purposes, for instance), you probably know that you are facilitating somebody else's money laundering (but are unlikely to be charged for it).

Salgat 3y ago
This whole scheme only works if no one knows you put money into the pot. It works for crypto because the receiving account can be created anonymously, disconnecting that account completely from the original source.
freeAgent 3y ago
If I want to take my completely legitimately obtained money and obfuscate its source by putting it in a pool with people I have no knowledge of or connection to, I don't see why it should be assumed that I believe these people's intent is to launder the proceeds of some sort of illegal activity and not other people like myself. I think it's even more of a stretch to say that I would know that I'm facilitating someone else's money laundering in that case. There are completely legitimate reasons for wanting to obfuscate one's transaction history, just like there are legitimate reasons for wanting to use an email aliasing service, VPN, etc.
- amanaplanacanal 3y ago
  What would those legitimate reasons be?
  - ehPReth 3y ago
    you don’t want people to know you’re into femboys? or really anything else? like you’re seeing a therapist?
  - freeAgent 3y ago
    I may not want one entity I pay to know every single other entity I pay/paid or received money from, in what amounts, and when. This could be for personal reasons--perhaps I'm purchasing health-related products/services...or something less high-minded like sex toys--or for professional reasons. I could be running payroll, paying suppliers, etc. and don't want everyone, including my competitors, to have easy access to all my financial activity.
jncfhnb 3y ago
You are only unlikely to be charged for it because the scale is small

Salgat 3y ago

This whole scheme only works if no one knows you put money into the pot. It works for crypto because the receiving account can be created anonymously, disconnecting that account completely from the original source.

freeAgent 3y ago

If I want to take my completely legitimately obtained money and obfuscate its source by putting it in a pool with people I have no knowledge of or connection to, I don't see why it should be assumed that I believe these people's intent is to launder the proceeds of some sort of illegal activity and not other people like myself. I think it's even more of a stretch to say that I would know that I'm facilitating someone else's money laundering in that case. There are completely legitimate reasons for wanting to obfuscate one's transaction history, just like there are legitimate reasons for wanting to use an email aliasing service, VPN, etc.

amanaplanacanal 3y ago
What would those legitimate reasons be?
- ehPReth 3y ago
  you don’t want people to know you’re into femboys? or really anything else? like you’re seeing a therapist?
- freeAgent 3y ago
  I may not want one entity I pay to know every single other entity I pay/paid or received money from, in what amounts, and when. This could be for personal reasons--perhaps I'm purchasing health-related products/services...or something less high-minded like sex toys--or for professional reasons. I could be running payroll, paying suppliers, etc. and don't want everyone, including my competitors, to have easy access to all my financial activity.

jncfhnb 3y ago

You are only unlikely to be charged for it because the scale is small