Re:Hacker Publishes 2TB of Data from Cayman National Bank
by coliveira on Monday November 18, 2019 @04:53PM
(#21568509)
> I don't understand how this is even legal at all.
A lot of the process is not legal. That's why it is a scandal when they find this kind of information. But the existence of this type of service is practically guaranteed for the same reason: a lot of the money in these accounts was acquired in shady, if not totally ilegal ways. Even if countries make it completely illegal, there will be a lot of clients for offshore accounts. You can think of this as a modern version of pirates hiding their illegal treasures in some Caribbean island.
A lot of the process is not legal. That's why it is a scandal when they find this kind of information. But the existence of this type of service is practically guaranteed for the same reason: a lot of the money in these accounts was acquired in shady, if not totally ilegal ways. Even if countries make it completely illegal, there will be a lot of clients for offshore accounts. You can think of this as a modern version of pirates hiding their illegal treasures in some Caribbean island.