US-led coalition of nations agrees to end ransomware payments to hackers

Re:US-led coalition of nations agrees to end ransomware paym... by JumpCrisscross on Tuesday October 31, 2023 @12:57PM (#38087882)

> took what, over two decades to convince Switzerland and Austria to get on board for (part of) money laundering treaties

Yet they still complied with U.S. sanctions. (Or were arrested abroad for defying them.)

You seem to misunderstand that sanctions are not a treaty obligation. If your country deals with a sanctioned entity, it gets sanctioned as well. That enforces compliance indirectly. America and and does unilaterally extend sanctions.

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Re:US-led coalition of nations agrees to end ransomware paym... by varjag on Tuesday October 31, 2023 @01:09PM (#38088058)

Thanks, it's great to know that money laundering is a solved problem.

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Re:US-led coalition of nations agrees to end ransomware paym... by JumpCrisscross on Tuesday October 31, 2023 @01:13PM (#38088122)

> it's great to know that money laundering is a solved problem

We don’t sanction money launderers generally. And no, terrorism finance isn’t a solved problem either. Hence why I said one would need to keep company with that category of people were such a measure enacted. But again, your K&R retiree cum schoolteacher was describing a political constraint. Not a functional one.

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