Re:U.S. Treasury sanctions virtual currency mixer Tornado Cash
by notch656a on Monday August 08, 2022 @11:43AM
(#32386923)
The US has effectively no customs on leaving the country. I doubt those wanting to leave with cash have it that bad.
Re:U.S. Treasury sanctions virtual currency mixer Tornado Cash
by leeter on Monday August 08, 2022 @11:52AM
(#32387059)
If you're taking 10k or more in cash out of the country and fail to file a fincen-105 you can have all of the cash sized with no recourse. CBP regularly uses cash sniffing dogs for this purpose.
https://www.fincen.gov/sites/default/files/shared/fin105_cmi...
Re:U.S. Treasury sanctions virtual currency mixer Tornado Cash
by notch656a on Monday August 08, 2022 @12:04PM
(#32387254)
CBP has an alert on my passport and I'm flagged as being a bad-boy with insane amount of grilling (and illegal jailing, strip-search, ~16 hour detainment, the works) every time I enter the country. Even I have never been searched leaving the country. I'm sure it happens but I think it is quite rare. I repeat myself, there is effectively no customs leaving the country even if you are flagged as most-high-risk as I am.
>CBP regularly uses cash sniffing dogs for this purpose.
The dogs are just probable cause generating machines. Had one of these dogs "sniff my asshole" and the agents got a warrant for me to forcibly be taken to the hospital to be "internally examined." (and I was sent the bill by the hospital, both ERs they took me to ~60 miles apart even though I never consented to any of it) The dog never alerted. It's just cover so they can get a warrant whenever they want.
Yeah I'm aware it's illegal to not report on the way out, I'm only saying it seems unlikely criminals doing that are going to get caught.
But crypto cannot be physically inspected at international borders. So for the government, just like wire transfers, they want to know the source and recipient of such funds. If there were a service where you could bring a large amount of cash, obfuscate the origin, then wire it to a bunch of bank accounts under criminal control, that would be the definition of money laundering and also cracked down on.
In this case if Coinbase took some BTC that went through Tornado it would be equivalent to taking a wire transfer from a bank known to be laundering money.