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A comment on Money laundering in the UK. Parent comment

Re:Money laundering in the UK by inflatableDodo on Monday July 08, 2019 @01:36AM (#20380161)
You can buy a company with a bank account for a few thousand.
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Re:Money laundering in the UK by wp381640 on Monday July 08, 2019 @02:25AM (#20380350)
You can buy an offshore bank not too much more

https://www.eternitylaw.net/info/litsenzii/offshore-bank-lic...

http://www.bankinglicensing.com/how-to-purchase-a-bank/banks...

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Re:Money laundering in the UK by baybal2 on Monday July 08, 2019 @08:59AM (#20382316)
For not too much more, you can buy a shell bank in a much more established economy or had one created for you.

All those draconian AML rules on individuals make no sense in light of that.

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Re:Money laundering in the UK by Scoundreller on Monday July 08, 2019 @11:27AM (#20383555)
Effectively, a lot of rules keep individuals honest, but let bigger entities run wild at their expense.

It’s Unfair to say the least!

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