Quote from: hilariousetc on Today at 11:46:18 AM

Quote from: LoyceV on Today at 11:06:08 AM

Quote from: BlackHatCoiner on Today at 08:43:35 AM

Purely hypothetical, but let's say either Betnomi or ChipMixer does money laundering (without the acknowledgement of their campaign participants). Are participants considered guilty, from a legislation point of view, for accepting laundered funds?

Most of the large banks in my country have been found guilty of money laundering. The banks paid a fine, management collected their bonuses, and that's it. The end.

But he's not a large bank. Banks and other large scale businesses operate under different rules to the rest of us. HSBC was caught knowingly laundering a billion dollars for the Mexican cartel and nobody went to prison. They just paid a 2 billion fine which is probably a couple of weeks profit for them and then move on. If you laundered even a few thousand you'd go to jail and pay fines. For banks it's just a calculated risk and they'll take the chance knowing that even if they get caught they'll just pay the fees and carry on.

https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx
https://www.independent.co.uk/independentpremium/long-reads/hsbc-laundering-mexican-cartel-blackhurst-b2097490.html

It would really depend on where you are located.
Here in the US there is a big emphasis on Mens rea https://en.wikipedia.org/wiki/Mens_rea
So there is the element of what is going on. Using your HSBC example they knew, but it was going to be just about impossible to prove who knew what and when.

If some shifty looking person shows up at my shop and I take in a few thousand in cash and take a cut and give it back with a 1099 tax form it's fairly obvious what I was doing.

So that is going to be a big part of it.

If you are wearing a signature for Bob's Meth and Heroin shop it's going to be a much more difficult thing to talk your way out of then say [looks down at signature] ChipMixer which is a legit service for people who just don't want to be tracked.

-Dave