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A comment on Tornado cash takedown and its repercussions. Parent comment

Re:Tornado cash takedown and its repercussions by JumpCrisscross on Tuesday August 09, 2022 @09:23PM (#32406873)
> require banks report checks and wires over 50k

There is no reporting requirement, but a record-keeping one [1].

[1] https://www.fincen.gov/sites/default/files/shared/bsa_quickr...

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Re:Tornado cash takedown and its repercussions by from on Tuesday August 09, 2022 @09:41PM (#32406988)
Yes but this is really only useful for them after they already discovered a target of investigation. Having this information for everyone would make the initial detection of tax evaders substantially easier.
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Re:Tornado cash takedown and its repercussions by JumpCrisscross on Wednesday August 10, 2022 @03:34AM (#32408815)
> this information for everyone would make the initial detection of tax evaders substantially easier

The IRS and FinCEN don’t systematically share information. (Ironically, the IRS is more restricted in this respect [1].)

[1] https://www.irs.gov/irm/part4/irm_04-026-008

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