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Title: [2016-04-08]Money Laundering Is Facilitated By Banks Rather Than Bitcoin Post by: Real14Hero on April 08, 2016, 03:34:44 PM The Legacy System Makes Money Laundering Relatively Easy
Anyone who would be looking to participate in money laundering through offshore bank accounts has no reason to go through the trouble of dealing with Bitcoin exchanges or ATMs. In fact, the popular digital currency is far too transparent to move funds around anonymously, as there several initiatives focusing on blockchain analysis to prevent suspicious Bitcoin activities. Moreover, the Panama Papers story has shown the world why the banking system is far better equipped to move funds around the world in an anonymous and convenient manner. However, money laundering is not the only issue, as these documents show how companies and wealthy individuals were aided in evading taxes and dodging sanctions as well. read full article here: http://www.newsbtc.com/2016/04/07/money-laundering-facilitated-banks-rather-bitcoin/ Title: Re: [2016-04-08]Money Laundering Is Facilitated By Banks Rather Than Bitcoin Post by: aso118 on April 08, 2016, 03:48:42 PM The Legacy System Makes Money Laundering Relatively Easy Anyone who would be looking to participate in money laundering through offshore bank accounts has no reason to go through the trouble of dealing with Bitcoin exchanges or ATMs. In fact, the popular digital currency is far too transparent to move funds around anonymously, as there several initiatives focusing on blockchain analysis to prevent suspicious Bitcoin activities. Moreover, the Panama Papers story has shown the world why the banking system is far better equipped to move funds around the world in an anonymous and convenient manner. However, money laundering is not the only issue, as these documents show how companies and wealthy individuals were aided in evading taxes and dodging sanctions as well. read full article here: http://www.newsbtc.com/2016/04/07/money-laundering-facilitated-banks-rather-bitcoin/ When the government itself is corrupt, it sometimes makes sense to protect your money by stashing it away. Not all the money mentioned in the Panama papers has been obtained illegally. |