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This is true, and does provide some anonymity, but there are several situations, at least in the US, in which you can basically be considered guilty until prove
by travisp 13y ago
This is true, and does provide some anonymity, but there are several situations, at least in the US, in which you can basically be considered guilty until proven innocent where the burden is on you to prove that everything is legal (tax evasion and asset forfeiture). If you can be linked with either side of the mixing service, the fact that nobody can tell where the money went (or came from), might not protect you.
For example, suppose your standard of living suddenly improves and you start buying cool expensive toys, but you don't report increased income with the IRS. As I understand it, the IRS can audit you and ask you to prove to them where the money came from.
Similarly, if you get stopped with a large pile of "anonymous" cash in your car, you may be asked to prove that the cash was obtained legitimately, and they may hold the cash until you can prove otherwise.
- jlgreco 13y agoMoney laundering has two parts. Obscuring the money, and making the money look legitimate. If you are dealing with cash, the first is more or less done for you (though if you are dealing with counterfeit cash, you still need to worry about the first). Mixers do the first and don't advertise themselves as services for the second. Mixers basically put you in the same position as organized crime is traditionally in before laundering, lots of cash that isn't really tied with a crime, but has no good reason to be in your possession.