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A comment on The Cost of Dirty Money. Parent comment

Re:The Cost of Dirty Money by xchaotic on Saturday February 09, 2019 @09:06AM (#19122320)
The cases you see at Bloomberg are well evidence, lack of tech is not a problem here.

It's a bit like CCTV - the crimes were recorded Blockchain or not.

But they were not prevented, and Blockchain isn't going to help with that.

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Re:The Cost of Dirty Money by HandsAtTheReady on Saturday February 09, 2019 @09:40AM (#19122470)
> The cases you see at Bloomberg are well evidence, lack of tech is not a problem here.

From TFA "From about 2007 until 2012, Banamex USA, a Citi subsidiary, processed more than $8.8 billion in transactions with almost no oversight.".

> The cases you see at Bloomberg are well evidence > the crimes were recorded Blockchain or not

imglorp suggested "Anyone can audit the complete trail of funds from source to holding to destination.". Was this evidence you mention publically auditable (i.e. what imglorp's suggesting would help)?

> Blockchain isn't going to help with that

It's at least plausible that a publically auditable log would have helped spot these issues.

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