The state monitors transactions first for illegal activity under mechanisms like the Bank Secrecy Act (BSA). Any payments or financial services company follow K

The state monitors transactions first for illegal activity under mechanisms like the Bank Secrecy Act (BSA). Any payments or financial services company follow Know Your Customer standards including running OFAC checks to ensure that the recipient is not a known terrorist. Monitoring for taxes comes second. BSA: http://en.wikipedia.org/wiki/Bank_secrecy_act http://en.wikipedia.org/wiki/Bank_secrecy_act