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Questions tagged [money-laundering]

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2answers
58 views

Can an Australian freelancing platform refuse to pay money to the freelancer?

I was hired as a freelancer via an Australian freelancing platform, did the job and got money credited into my account. However, they suspected that my client made a fraudulent transaction and does ...
-4
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2answers
117 views

Transferring Paypal money to sons friend

I said my son is in prison and his friend. My sons friend has a girlfriend that sends money alot to him and it has to be sent through an approved account so she sends it to me. And the friend has a ...
0
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0answers
17 views

UK Money Laundering Regulations 2017, UK Limited Company buying real estate

A is the sole director of ACME Limited, a UK limited company regsitered in England and Wales with a registered office as well as trading address close to Liverpool. A as the director is an EU national ...
2
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1answer
92 views

Can I cashout 25 BTC without proof of provenance?

Back when Bitcoin was worth under 10 USD, a friend sent me 25 BTC as a gift. Since that time, I moved them around different wallets and don't believe I still have the original wallet where I received ...
1
vote
1answer
51 views

What is typically legality regarding a bitcoin 'cleaning' service?

I'd like to create a piece of software or service which takes someones bitcoin, goes through a process of 'cleaning' it (making it untraceable) and then returning it. Provided the purpose of the ...
8
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1answer
2k views

When does it become illegal to exchange bitcoin for cash?

I've read several "stings" and raids for running unlicensed money transfer businesses for people buying and selling bitcoin on localbitcoins. All of the articles are extremely vague and don't explain ...
2
votes
1answer
94 views

Legality of Virtual Currency to Purchase Real World Items

A while ago, I saw a company called Listia which would permit users to sign up and attain some amount of Credits. These Credits could then be used to purchase real-world items on the site, such as ...
11
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3answers
2k views

Is it tax fraud for an individual to declare non-taxable revenue as taxable income? (US tax laws)

Hypothetically, A wants to pay B a considerable amount of money. In order to reduce the paper trail, A pays me the money and I transfer it to B. To further obscure the paper trail, I declare the ...
1
vote
2answers
166 views

Why is Silk Road criminal but not LocalBitcoins?

How are the Localbitcoins.com founders safe from money laundering laws? LocalBitcoins says its purpose is to connect buyers and sellers. That legalese makes it escape criminal laws. What about Silk ...
7
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1answer
260 views

Are charities prevented from paying money to other charities?

I was recently a participant in a group study, in which there was an option for participants to donate the gratuity offered to a charity. However, I received a message from a researcher today saying ...
1
vote
1answer
113 views

Cash deposits and money laundering in the UK

The FCA(Financial Conduct Authority) in the UK requires banks to have "adequate policies and procedures sufficient to counter the risk that they might be used to further financial crime". There is ...
0
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1answer
114 views

If I pay someone to place a sports bet that wins, have I committed money laundering?

It is my understanding if a private individual sells a chip that is money laundering. Say I pay someone $100 to place a $10000 sports bet that wins. If it wins, I cash the ticket. Have I committed ...
2
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1answer
180 views

How are the Localbitcoins.com founders safe from money laundering laws?

There are lots of news regarding localbitcoins.com seller arrest against money laundering laws. I know it is seller or buyers responsibilities to follow their local AML laws. But how localbitcoins ...
0
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1answer
134 views

Are identifiable cryptocurrency miners helping crime?

Say there is a cryptocurrency whose issuers use electronic signatures issued by the government to prevent Sybil attacks (identity forging) to the voting mechanism when new currency units are created. ...
-1
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1answer
72 views

If all the money that comes in and out of my account are by means of cheques and credit cards, can I still commit money laundering?

If I'm not mistaken, paper trail is proof of innocence.
3
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1answer
126 views

How does the Bank Secrecy Act affect normal law-abiding citizens?

The Bank Secrecy Act of 1970 was designed to detect money laundering by organized criminals. Among other things, it requires banks to report large currency transactions in excess of $10,000 to the ...
0
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1answer
173 views

German tax fraud / money laundering - Is there reward for identifying?

I could well be wrong and I don't want to go into specifics here, but lets assume I know of a business that in reality generates a few hundred thousand euro in revenue and yet shows a P+L with revenue ...
2
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1answer
3k views

Making bad movies as money laundering scheme?

There is this youtube channel called I Hate Everything in which, among other things, this youtuber reviews Imdb's 100 lowest ranked movies in search for the worst movie: https://www.youtube.com/...
3
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2answers
497 views

Is borrowing money laundering?

Suppose a person borrows money from a relative or friend, say, 10 million USD, without documentary evidence — the transaction is purely based on trust and cultural norms. If the borrower invests the ...