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A comment on City of London: Tax haven in the heart of Britain (2011). Parent comment

Re:City of London: Tax haven in the heart of Britain (2011) by axlee on Thursday June 25, 2020 @04:57PM (#23645616)
> He said “Because that’s what the law demands. And so that when we get caught, we can go to the Parliament in the inquiry and say ‘you’re absolutely right, our software did mark this as a problem!’”

Why even bother write a detection software then? Just flag all transactions, and you get the same level of plausible deniability.

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Re:City of London: Tax haven in the heart of Britain (2011) by mercer on Thursday June 25, 2020 @05:16PM (#23645795)
I think that would be entirely too implausible, but maybe you're right.
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Re:City of London: Tax haven in the heart of Britain (2011) by mhh__ on Thursday June 25, 2020 @09:42PM (#23647885)
Even the most overworked underpaid regulator isn't going to buy that 100% suspicious transactions is complying with either by the word of or in the spirit of the regulations.
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Re:City of London: Tax haven in the heart of Britain (2011) by imtringued on Friday June 26, 2020 @03:43AM (#23649687)
You can't claim that the software is working if it doesn't.
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Re:City of London: Tax haven in the heart of Britain (2011) by axlee on Friday June 26, 2020 @08:45PM (#23658580)
It catches 100% of fraudulent transactions though.

/s

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