Fake books sold on Amazon could be used for money laundering

Re:Fake books sold on Amazon could be used for money laundering by bayesian_horse on Saturday April 28, 2018 @07:24AM (#16947143)

I actually like that you can go after people financing terrorism or making huge amounts of cash from illegal drugs, gambling, smuggling and the like. Without money laundering regulations, and within cryptocurrencies, that would be a lot harder.

People dealing in significant amounts of cryptocurrency will eventually have to be regulated in some way, also.

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Re:Fake books sold on Amazon could be used for money laundering by jstanley on Saturday April 28, 2018 @07:27AM (#16947154)

You can go after people laundering money through cryptocurrency, of course.

The part I'm protesting (in this thread, at least) is the part where the regulations on banks and payment processors are so onerous that they refuse to work with legitimate businesses.

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Re:Fake books sold on Amazon could be used for money laundering by megous on Saturday April 28, 2018 @08:42AM (#16947382)

Are there any numbers? How much of a dent to terror financing this does? I doubt it's very much.

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Re:Fake books sold on Amazon could be used for money laundering by bayesian_horse on Sunday April 29, 2018 @12:36AM (#16950718)

Just imagine if basically anybody could finance terrorism without much fear of being discovered. I doubt very much there would be less terrorism then.

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