4 ms·

What's in Those Suitcases? $125M in Cash

8 points by rmason 3y ago

ijhuygft776 3y ago
> A network of smugglers flew business class to gain extra luggage allowances, moving more than $1 million at a time from London to Dubai business class is probably not about saving money in this case....
- a_dabbler 3y ago
  The quote isn't saying they flew business class to save money, it's saying they flew business class in order to carry more luggage.
  - ijhuygft776 3y ago
    why not ship them USPS?
    - ijhuygft776 3y ago
      actually... why not use Monero like most respectable criminals
anshc2000 3y ago
damn
haspoken 3y ago
https://archive.is/bY8ip https://archive.is/bY8ip
curiousObject 3y ago
>“Britain for years has been trying to stamp out money being laundered through its banks and real estate, particularly from overseas. Financial crime lawyers say the tightening in rules and laws has made it harder for crime gangs to wash their money in traditional ways such as through shell companies or small businesses.” >”Bitcoin also has proven to be problematic for criminals. Physical transportation, including hiring couriers for relatively small sums, has become an alternative.” Ironic, about Bitcoin not being most effective for laundering criminal proceeds, the opposite of popular opinion. Although I would suggest that Britain has been “trying” to stamp out money being laundered through its banks and real estate. Because many are loving the influx of cash into the property market, without a care where it’s coming from.
- foofie 3y ago
  > Ironic, about Bitcoin not being most effective for laundering criminal proceeds, the opposite of popular opinion. That assertion is made without any form of substantiation, and in context of a comically bad criminal operation that was unraveled because the ringleader wanted to rake in loyally points from booking all of his couriers' trips to fly for free. I don't think this level of thinking is compatible with the idea of understanding crypto currency transactions well enough to do them with the faintest level of security.
  - hulitu 3y ago
    > That assertion is made without any form of substantiation Ransomware ?
    - foofie 3y ago
      > Ransomware ? I have no idea. All I know is that a while back I read a report that estimated that the total volume of illicit trade using cryptocurrencies in 2022 was around $20B, and the volume dropped due to sanctions imposed on Russia and subsequent crackdown on crypto as a way to sidestep them.

8 points by rmason 3y ago

> A network of smugglers flew business class to gain extra luggage allowances, moving more than $1 million at a time from London to Dubai business class is probably not about saving money in this case....

a_dabbler 3y ago
The quote isn't saying they flew business class to save money, it's saying they flew business class in order to carry more luggage.
- ijhuygft776 3y ago
  why not ship them USPS?
  - ijhuygft776 3y ago
    actually... why not use Monero like most respectable criminals

anshc2000 3y ago

damn

haspoken 3y ago

https://archive.is/bY8ip https://archive.is/bY8ip

curiousObject 3y ago

>“Britain for years has been trying to stamp out money being laundered through its banks and real estate, particularly from overseas. Financial crime lawyers say the tightening in rules and laws has made it harder for crime gangs to wash their money in traditional ways such as through shell companies or small businesses.” >”Bitcoin also has proven to be problematic for criminals. Physical transportation, including hiring couriers for relatively small sums, has become an alternative.” Ironic, about Bitcoin not being most effective for laundering criminal proceeds, the opposite of popular opinion. Although I would suggest that Britain has been “trying” to stamp out money being laundered through its banks and real estate. Because many are loving the influx of cash into the property market, without a care where it’s coming from.

foofie 3y ago
> Ironic, about Bitcoin not being most effective for laundering criminal proceeds, the opposite of popular opinion. That assertion is made without any form of substantiation, and in context of a comically bad criminal operation that was unraveled because the ringleader wanted to rake in loyally points from booking all of his couriers' trips to fly for free. I don't think this level of thinking is compatible with the idea of understanding crypto currency transactions well enough to do them with the faintest level of security.
- hulitu 3y ago
  > That assertion is made without any form of substantiation Ransomware ?
  - foofie 3y ago
    > Ransomware ? I have no idea. All I know is that a while back I read a report that estimated that the total volume of illicit trade using cryptocurrencies in 2022 was around $20B, and the volume dropped due to sanctions imposed on Russia and subsequent crackdown on crypto as a way to sidestep them.