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But the point is that it would be pretty easy to do it without getting caught. You could send multiple people to multiple banks, across a wide area. The cost of
by eurleif 14y ago
But the point is that it would be pretty easy to do it without getting caught. You could send multiple people to multiple banks, across a wide area. The cost of manpower and fuel would eat a percentage, sure, but presumably any form of money laundering does. Which explains why the feds are interested in BitCoin.
- PeterisP 14y agoSure, it is not hard to do money laundering, and the risk of getting caught isn't that high - but my point is that even if you technically stay below the reporting limit, you're still facing prison if you get caught in the end; so it's not a trivial decision to make.
- shabble 14y agoThis is fairly well-known as 'structuring' or 'smurfing'[1] [1] https://en.wikipedia.org/wiki/Structuring https://en.wikipedia.org/wiki/Structuring