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[Clank]

how is this not ML?

It’s money laundering by definition. I hope his company formation and banking service doesn’t get affected by this.

 

[JackAlabama]

It’s money laundering by definition. I hope his company formation and banking service doesn’t get affected by this.

no it isnt. we had this discussion with the now silent @jafo
Money laundering is the process of illegally concealing the origin of money *obtained from illicit activities.*
https://en.wikipedia.org/wiki/Money_laundering

 

[Clank]

no it isnt. we had this discussion with the now silent @jafo
Money laundering is the process of illegally concealing the origin of money *obtained from illicit activities.*
https://en.wikipedia.org/wiki/Money_laundering

He doesn't check if it's from illicit activities or not, most of people using this is because they have no source of funds for the money and they need one. Basically every country would consider this money laundering.