I don't consider money laundering a crime at all. It's nothing but transferring money from A to B. That in and of itself does not harm anyone.
If someone robs a bank and proceeds to launder the funds, the crime was the bank robbery not the subsequent money transfer. Law enforcement should focus on stopping the robbery, not demanding everyone be inconvienced and innovation crushed because it makes their investigation easier.
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Helping criminals enables them to commit further crimes because, after all, "no fences, no thieves."
For exemple, if your bank robber was unable to launder his loot, he would have less incentive to commit further bank robberies.
@Ebon
You speak about folks who think Somalia is a pretty good ideal for organizing a government.
It's nothing but transferring money from A to B. That in and of itself does not harm anyone. e
Yes, it does harm someone - the government.
If someone robs a bank and proceeds to launder the funds, the crime was the bank robbery not the subsequent money transfer.
Cover-up of a crime is a crime in itself. Any police officer can tell you that much.
Law enforcement should focus on stopping the robbery, not demanding everyone be inconvienced and innovation crushed because it makes their investigation easier.
So, when the robbery does happen, we should just say "fuck it" and not bother with an investigation needed to catch the robber?
At the same time as noticing illegally obtained money is often only discovered because the possessor cannot account to authorities where the money came from,,,,he thinks it's still ok.
Drug dealer?
Politician?
It's a real shame when you make 100s of thousand a year but can't buy that mansion because it'll clue the cops in, so you have to set up a small winery operation or something and severly cook the books, eh.
1. Moral Hazard: If we allow money laundering to happen then that is like saying that crime does pay.
2. Money laundering makes financial transactions more expensive for the rest of us: Institutions, who seek to comply with the law will raise their prices in response. Likewise who wants to do business with a bank known for that kind of behavior?
3. Put the burden of crime onto the innocent: often the assets of other people are unknowingly brought into the scheme, which raises prices for us all.
Money laundering is an additional theft of tax-payer money, asshole, and it's a way to convert stolen money to non-stolen money. Blame the robbers for the inconveniences, not the government who wants to stop the robberies.
Not fundie, just criminally stupid.
Money laundering is a combination of evidence tampering and fencing of stolen property for the purpose of concealing a perpetrator's identity, of course it's fucking illegal.
You do know that the point of money laundering is so that the authorities can't find or recover the money, don't you? I really hope you get bilked out of your life's savings and the money gets transferred so many times that nobody ever finds it again. Then maybe you'll learn what the big deal over money laundering is.
(jsonitsac)
"Moral Hazard: If we allow money laundering to happen then that is like saying that crime does pay."
Anyone who insists that crime doesn't pay, clearly has never tried it. *chuckles*
It's obvious Da Rat Bastid has no fucking idea what he's talking about. I'm no fan of cops myself, but they outnumber you about a million to one and have most of the guns.
So sure, keep up your attitude. I expect to see you on the evening news, committing suicide by cop.
>I don't consider money laundering a crime at all. It's nothing but transferring money from A to B. That in and of itself does not harm anyone.
Hmm, Something that you're not quite telling us, but strongly hinting at.
Burglary can be rationalized as 'The houses' occupants left, and their stuff wasn't in use, so I decided to 'borrow' it indefinitely.
Confused?
So were we! You can find all of this, and more, on Fundies Say the Darndest Things!
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