Quote from: Poker Player on Today at 05:33:25 AM

Quote from: tadamichi on July 29, 2022, 03:24:49 PM

The police can investigate something, but its still up to the justice system to decide. They will need evidence to prove you guilty.

In reality this is not true in 100% of the cases nor in all countries. Especially in tax crimes. If you are the one who cannot prove that your funds are of lawful origin you can end up in jail. It is not the prosecution that has to prove that your funds are of illicit origin. While not exactly what is being discussed here, look at Latvia's NFT artist who faces up to 12 years in jail, despite Latvia's lack of clear regulation.

Even if I was pretty sure I was going to win, I wouldn't want to find myself in front of a judge or jury having to explain large sums of money that have no clear origin due to the moves I have made for my right to privacy. Even less so if you're risking jail time.

I know people who went to trial being sure they were going to win and lost.

Seriously guys, don't gamble having to go to court for your right to privacy with large amounts of money.

You won't see me in court for that reason (and I hope for no other).

That’s something else. Proving it to a tax authority is standard procedure, you can document everything for that matter. Only taxes and death are certain, i personally wouldn’t play around there just to save some bucks, not worth the headache. A mixer is not a crime and not what would get you in jail or make documentation impossible. I wouldn’t even use these tools for any criminal activity or to try to launder money, they’re not even suited for this and real criminals will realise that the fiat system is much better suited for this.

Giving some private companies a pass to demand proof without any evidence, is a whole different ballgame tho. Now essentially customer support employees, algorithms and some surveillance companies have been given the power to freeze/ steal peoples funds with complete arbitrariness. And they can now hide their actions by just taking AML as an excuse, it will be barely possible to contest this for a regular person. This is completely backwards and no one can tell me that this is smh justified and not a problem.

When a business receives counterfeited bills, its recommended that they inform the police immediately. But a business cant just claim that your legit bills are suspicious and then keep them. Theres no real process that violates peoples rights there, but with coin taint its completely arbitrary and a process thats completely detached from the justice system.

The irony is that real laundering happens inside the same institutions that „just follow regulations“, so in reality laws are imposed again that restrict financial freedom on people who are not even doing the laundering and real criminals can act like theyre fighting crimes and hide behind this. And then its also giving people a false sense of security and the impression that something is done against it.

Heres just one of countless examples.

Quote from: https://www.icij.org/investigations/fincen-files/global-banks-defy-u-s-crackdowns-by-serving-oligarchs-criminals-and-terrorists/

Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists
The FinCEN Files show trillions in tainted dollars flow freely through major banks, swamping a broken enforcement system.

The records show that five global banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon — kept profiting from powerful and dangerous players even after U.S. authorities fined these financial institutions for earlier failures to stem flows of dirty money.

U.S. agencies responsible for enforcing money laundering laws rarely prosecute megabanks that break the law, and the actions authorities do take barely ripple the flood of plundered money that washes through the international financial system.

In some cases the banks kept moving illicit funds even after U.S. officials warned them they’d face criminal prosecutions if they didn’t stop doing business with mobsters, fraudsters or corrupt regimes.

JPMorgan, the largest bank based in the United States, moved money for people and companies tied to the massive looting of public funds in Malaysia, Venezuela and Ukraine, the leaked documents reveal.

The bank moved more than $1 billion for the fugitive financier behind Malaysia’s 1MDB scandal, the records show, and more than $2 million for a young energy mogul’s company that has been accused of cheating Venezuela’s government and helping cause electrical blackouts that crippled large parts of the country.

But lets keep repeating that its the average joe that should make his whole life transparent to anyone to combat „crime“, regulations are there franky but anyone with a right mind would question and contest them when theyre complete bs, no matter if you run a business or not. Otherwise we end up in a clownshow where everyone starts enforcing useless bs on others, because of „regulations“ and no real problems are solved anymore.