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FWIW: an mixed account for shared expenses is 100% legal and definitely not money laundering as long as you do the accounting and can show that it all paid for
by ajross 3y ago
FWIW: an mixed account for shared expenses is 100% legal and definitely not money laundering as long as you do the accounting and can show that it all paid for groceries. People get hung up on the specifics of AML/KYC regulations and tend to forget the context. That's sort of what the linked article is about.
- toomuchtodo 3y agoAgreed, I provided more for context that it can be done, within the context you mentioned. (i take annual mandatory AML/KYC training as part of my fintech dayjob compliance program)