How Well Does the Money Laundering Control System Work?

Re:How Well Does the Money Laundering Control System Work? by mothballed on Thursday August 21, 2025 @11:44AM (#44974209)

Ignoring the obvious problems with drug dogs, which I have a very personal extremely degrading and humiliating tale about involving a fraudulent search warrant that turned up nothing, a key difference here is the thing being monitored here is primae facie legal and involving forcing private parties to be the drug dog handler on behalf of the government on private property in a private transaction. In such case there is a presumption of innocence and government should need a warrant before requiring client to satisfy AML or KYC documentation.

I can't just walk up to your doorstep, make your sister take my drug dog, and force her to walk it around your bedroom and then punish her if she doesn't do it.

[ Parent | on HN ]

Re:How Well Does the Money Laundering Control System Work? by thwarted on Thursday August 21, 2025 @01:12PM (#44975360)

> In such case there is a presumption of innocence and government should need a warrant before requiring client to satisfy AML or KYC documentation.

But since you don't know when the government is going to ask for it, you need to collect it from everyone all the time, otherwise you won't have it to satisfy the request. "What do you mean you don't know who your customers are?" is not a question you want to have to answer in the face of a warrant.

[ Parent | on HN ]