Hawala Provider

[JackAlabama]

Such a system can be used for both good purposes and, indeed, bad ones, much like how crypto has been and is being used. It's the ultra-criminals who ruin it for the rest of us, those who use the systems to sell their crappy drugs, trafficking, and other activities that harm innocent people.

"crypto" is not used much for this purpose. The state goons themselves claim that even in their fakenewspapers. Theres enough articles out there.
Why one might wonder? Bc the alternatives are well established and very easy to use.

 

[clemens]

"crypto" is not used much for this purpose. The state goons themselves claim that even in their fakenewspapers. Theres enough articles out there.
Why one might wonder? Bc the alternatives are well established and very easy to use.

This answer will require a much better and more detailed explanation. I can't see why they wouldn't use crypto for this purpose?

 

[JackAlabama]

This answer will require a much better and more detailed explanation. I can't see why they wouldn't use crypto for this purpose?

its derived from stats published, you can look these up.

And it makes sense.
imo its because its very new, all of crypto except bitcoin is highly unsafe (tether can freeze accounts in a heartbeat for example), so you are basically left with bitcoin which is unstoppable but is highly volatile and ppl dont understand it anyway both from an economical and technical point of usage, so they annot be bothered with much since you cannot just wire from binance app to coinbase app etc.

 

[wellington]

its derived from stats published, you can look these up.

And it makes sense.
imo its because its very new, all of crypto except bitcoin is highly unsafe (tether can freeze accounts in a heartbeat for example), so you are basically left with bitcoin which is unstoppable but is highly volatile and ppl dont understand it anyway both from an economical and technical point of usage, so they annot be bothered with much since you cannot just wire from binance app to coinbase app etc.

Crypto is terrible for crime. Period.

 

[wellington]

Three Men Charged With Running Hawala Scheme Responsible For Illicitly Moving More Than $65 Million Between The United States And The Middle East

Damian Williams, the United States Attorney for the Southern District of New York; Thomas Fattorusso, the Special Agent in Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation (“IRS-CI”); and Christopher A. Nielsen, the Inspector in Charge of the...

www.justice.gov

 

[uplana]

I must admit that the response regarding crypto and crime is positive. When crypto can't be used for such things on a large scale, it will also suck that our dear authorities have once again just used the pretext to get crypto thoroughly regulated on that basis!

It's a bit like when Bush started a war based on the claim that Iran was about to build a nuclear bomb, which was only an illusion in the mind of a war-hungry man.

 

[jafo]

Three Men Charged With Running Hawala Scheme Responsible For Illicitly Moving More Than $65 Million Between The United States And The Middle East

Damian Williams, the United States Attorney for the Southern District of New York; Thomas Fattorusso, the Special Agent in Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation (“IRS-CI”); and Christopher A. Nielsen, the Inspector in Charge of the...

www.justice.gov

They indicted three little guys for moving a measly $65M while big banks moved BILLIONS and were fined BILLIONS???

12 Biggest Anti-Money Laundering (AML) Fines | $500 Million and Above

We list the 12 biggest anti-money laundering (AML) fines incurred by banks and financial institutions.

www.enzuzo.com

Goes to show who the real criminals are

 

[wellington]

They indicted three little guys for moving a measly $65M while big banks moved BILLIONS and were fined BILLIONS???

12 Biggest Anti-Money Laundering (AML) Fines | $500 Million and Above

We list the 12 biggest anti-money laundering (AML) fines incurred by banks and financial institutions.

www.enzuzo.com

Goes to show who the real criminals are

Banks are protected as they have to do SARs in return for lower fines.

The federal agencies just tally up and must have files on everyone ready to pounce when they see fit

That’s why you see these large numbers, individual transaction accumulated over years to a large number.

The large number is for the press but broken down a transaction may be only 10,000$ etc

There’s always the argument why didn’t you stop it early on, the feds response is data gathering “allowing the perp to tie their own noose”.

 

[JackAlabama]

They indicted three little guys for moving a measly $65M while big banks moved BILLIONS and were fined BILLIONS???

12 Biggest Anti-Money Laundering (AML) Fines | $500 Million and Above

We list the 12 biggest anti-money laundering (AML) fines incurred by banks and financial institutions.

www.enzuzo.com

Goes to show who the real criminals are

as always: Rules for thee but not for me