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241.
by from 4y ago
Why would they? This is just one of the many ways they take advantage of everyone else. Most phone snatchings aren’t happening in China so this is an easy way to reduce their import bill for phones.
242.
by from 4y ago
Any anti fraud mechanisms that banks have? They probably have saved hundreds of billions of dollars total. Though obviously they aren’t perfect.
243.
by from 4y ago
UAE China Russia India and almost all of Africa are not in GSMA blacklist program which means the phones still work there (and iPhones sell for a premium in some of those places as well). Find my iPhone lock is very effective in making it
244.
by from 4y ago
> judicial system - SIM card registration in nearly every member state - No exclusionary rule in many member states (evidence obtained illegally is admissible in court) - A "warrant" in the American sense is confined to a set o
245.
by from 4y ago
American perspective: There are lots of conspiracies out there about CBDCs but in my opinion CBDCs would be preferable to the current banking system. Right now banks can arbitrarily decide to freeze your account for "compliance reason
246.
by from 4y ago
Are you aware that millions of currency transaction reports and form 8300s are filed in the US every year and that a vanishingly small fraction of those lead to any law enforcement followup? The vast majority of economic activity including
247.
by from 4y ago
These laws never are on purpose. The $10000 reporting threshold in America was set in 1970 and would be almost $80000 today.
248.
by from 4y ago
Why is your default to disallow it? I understand there is the interest of society and all in preventing crime but a reporting requirement like in the US would do the exact same thing and produce useful intelligence instead of just making a
249.
by from 4y ago
If he was laundering money he would prefer to be paid by check or wire but would pay employees in his ill gained cash. Customers paying with cash would just introduce the same problem of having a bunch of cash around.
250.
by from 4y ago
I do not see that as a bad thing because Whois databases have long been used as a tool for doxxing, spam, and harassment.
251.
by from 4y ago
How about this: Why are we spending man hours investigating and [returning]( https://www.justice.gov/opa/pr/united-states-repatriates-ove... ) millions of dollars to Nigeria when they have done almost nothing to sto
252.
by from 4y ago
I suppose we may disagree on the idea that America or Germany or the UK has an obligation to help China maintain the rule of law.
253.
by from 4y ago
I don't mean to be presumptuous but this article does a lot of talking about how great UBO registers are at stopping crimes but nearly all of the alleged crimes mentioned in the article have victims that aren't even near the count
254.
by from 4y ago
They'll do what even the most incompetent drug dealers in America have done to own cars and houses since the beginning of time: get a straw owner. If they're caught, lying on a UBO form will be 3 years in prison which will run co
255.
by from 4y ago
Ironically businesses with more than 20 employees and 5 million in revenue are excluded from having to report ownership information in America (well, starting 2024).
256.
by from 4y ago
Banks were already collecting beneficial ownership information due to the CDD rule from FINCEN in 2018. Many banks especially those that had past problems with FINCEN/FDIC AML inspectors were doing it long before that. America is har
257.
by from 4y ago
So people who scrape public records for a living will be out of work? Or will the journalists at the OCCRP ICIJ et al who make their living harassing businesspeople from "undesirable" countries have to work a little harder when w
258.
by from 4y ago
"Kleptocracy" results in net wealth transfer from corrupt African and former Soviet countries to Europe and America. Why should I be mad about that?
259.
by from 4y ago
Very little verification of UBO registers ever actually occurs. Which is why "oligarchs" have nominees and having to lie on another government form doesn't make a difference.
260.
by from 4y ago
> It's a shame that the story went viral only after a Navalny team chief investigator tweeted about it. Maybe because it's not that big of a story? The ruling only says that the register can't be public, not that the regis
261.
by from 4y ago
The dark ages of... 2017! Are we any safer now then we were then?
262.
by from 4y ago
> So, you think that if pawn shops and the like required thieves to fill out a webform and mail stolen property in to be resold, like on Amazon, then the shop owners would be immune from prosecution? That doesn't seem plausible to m
263.
by from 4y ago
I'm sure you were outside the embassy calling for Indonesia to be added to the OFAC list when they started massacring East Timorans. Or when Turkey invaded North Cyprus.
264.
by from 4y ago
bell-cot is simplifying but is basically describing correspondent banking. Banks in other countries need correspondent banking relationships with US banks in order to work with dollars. Banks in countries on the OFAC list can't get t
265.
by from 4y ago
Stolen property convictions at least at the local level primarily come from stings where police come in with property that they describe as "boosted" or in similar terms and then once the sale is completed they arrest the store ow
266.
by from 4y ago
They're choosing between stealing and withdrawal symptoms.
267.
by from 4y ago
This is just false. There are "grey markets" for basically any major product. Quality King Distributors is one company that dominates this space and has been sued many times (they win nearly every time on the basis of the first
268.
by from 4y ago
See: https://news.ycombinator.com/item?id=32297479 None of these discussions ever go anywhere. They will tell you that wlroots is standardizing all these things etc etc but as it stands today every compositor is at best re
269.
by from 4y ago
But they would get US dollars from selling gold.
270.
by from 4y ago
I still don't really get the benefit to this. The price per barrel they pay is going to be calculated in dollars, now it'll just be gold worth that amount of dollars. If they were sanctioned I would understand but schemes like t

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