1994-11-26 - re: money laundering

Header Data

From: khijol!erc (Ed Carp [Sysadmin])
To: cypherpunks@toad.com
Message Hash: 25a07a0083cd8707e05f97bbdc808d0f738fd77c4aa0f3711320d24cab9e792f
Message ID: <m0rBWGD-0004G1C@khijol.uucp>
Reply To: N/A
UTC Datetime: 1994-11-26 23:12:55 UTC
Raw Date: Sat, 26 Nov 94 15:12:55 PST

Raw message

From: khijol!erc (Ed Carp [Sysadmin])
Date: Sat, 26 Nov 94 15:12:55 PST
To: cypherpunks@toad.com
Subject: re: money laundering
Message-ID: <m0rBWGD-0004G1C@khijol.uucp>
MIME-Version: 1.0
Content-Type: text


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I think that most people forget that as soon as that sort of money enters the
banking system, it can be tracked.  "Wire $20K to XXX" presumes that that
$20K came from somewhere, and unless you're careful about where it came
from and where it's going, you could be buying yourself a whole lot of
unwanted attention, even if it's a prefectly legitimate transaction.  Coming
in with a suitcase full of money is bound to get you talked about, and writing
a check... well...

It's getting rather difficult to move large sums of money around nowadays if
it either enters or leaves the US banking system, and if it's a friendly
nation (which Canada is), if the Feds have a reason to look at you, an
international border isn't going to prove much of a drawback.
- -- 
Ed Carp, N7EKG    			Ed.Carp@linux.org, ecarp@netcom.com

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"What's the use of distant travel if only to discover - you're homeless in
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