How is money laundering still a thing? Authorities can monitor

>>2877555
Real drug suppliers (not shitty dealers) use lawyers, accountants, fake receipts, web developers, and usually have shell corporations with cooked books to cover their ass.

do you have any idea how many transactions are made every minute, let alone every day? it's like searching for a needle in a gas giant unless you're retarded

>>2877555
Money laundering is huge. The English Premier League and most of continental soccer is a money laundering operation. London real estate is a favored way to launder money.

Google those two things. Pretty fascinating.

>>2877577
Shell corporations don't work anymore

>>2877657
Nah man that anon saw a spy movie where it worked

you just have to pay a shitton of taxes to do it

>>2877555
Keep it under 10k retard. They flag transactions over 10k in personal accounts.

>>2877735
If I had sold that 12k in 3-4k batches, that would have been structuring and I would be in jail right now

>>2877657
>>2877671
lol stay naive I guess.

Drug world went old school and now trade in gold and silver

>>2877555
Cash based business still exist.

>>2877775
Space it out and don't be an obvious fuck.

It's super easy to launder crypto currency.
Recipe, viable for around $200k upwards:

Develop a crypto casino (simple dice site is enough)
Gambling license in Costa Rica or Curacao
=> Annual gambling license fees $10000
Infrastructure outside of EU/US: $2000
Gamble in your own casino until it's all "gone"
(automated, with many accounts, Tor, VPNs, save the logs)

So around $12000 annually to run a 100% legit crypto money laundering operation.
Plus maybe $1k for an accountant (not much work for him)

Make it an even $20k / year to launder arbitrary amounts of crypto

>>2877555
What do you mean they froze your account? Lets say i have 15k in crypto. If i sold it all and cashed out i would have my bank account frozen?

>>2877924
Hopefully you do some jail time, not county either

>>2877843
The point of shell corporations is that the real owner stays a secret. That's over now, even in Panama.

>>2877891
Could you be more specific?

>>2877891
Yeah. Could you link to a site or post more detail in this.
Need to get my crypto gains without tax man getting shit

God I hated that season finale.

>>2878005
>Need to get my crypto gains without tax man getting shit
That's the opposite of money laundering.

>>2877992
In what way?

>>2878010
>(automated, with many accounts, Tor, VPNs, save the logs)

>>2878006
Why?

>>2878024
You have to simulate many individual gamblers to appear legit. A casino with just 1 gambler would be highly suspicious.
Ideally your casino is actually used by legit gamblers.

I suspect half the dice sites are actually money laundering operations.

>>2878038
>You have to simulate many individual gamblers to appear legit

Yeah, I understand, but how? How can that be automated?

>>2878065
Custom software that manages crypto wallets, VPNs or proxies, e-mail accounts (to register with the casino), deposits and plays automatically

Any competent CompSci graduate can write that

>>2877947
Can't wait until you boomers fucking die. Been sucking on the Jew's cock your whole lives and you'll finally go to hell.

How about instead of turning crypto into Fiat, just use crypto to make transactions. I know a lot of people might not go for it at first, but it's the best way to do it. It's not illegal to transfer crypto between two entities, and you can get stuff for it. It avoids ALL taxes legally.

>>2877555
lol that's what the Russians and Trump thought. Probably could've gotten away with it too if Trump wasn't such a fucking moron.

>>2877555
lol not using Joinmarket to cover your tracks.

Enjoy getting fucked by the feds

>>2878573
Most big sites that accept crypto report it even more

>>2878593
How would that help?

If you own 21 BTC or more you'll be rich by about 2025 and you are going to want to buy a nice house, I know I do.

How do you buy a nice house unless you cash to fiat?

And once you cash out to fiat, they will tell you to prove the origins of the coins. If you mix them, you'll not be able to prove anything.

>>2877986
Which is why BTC is going 1+ million a coin.

But if you want a house, I dont see a way to scape (((them))) and I dont want to love on some shithole.

I want to get into Crypto but I want to make sure first that this does not happen to me. How to prevent this? And is this common? Please share stories.

I live in the Philippines, btw.

File: reloveution.jpg (23KB, 300x203px) Image search: [Google]

23KB, 300x203px

>He tried to cash out before the collapse.

>>2879078
What? You can print up a trade history on Bittrex, I'm sure you can do it on shitcoin sites like Yobit too.

Anyways, as long as you pay your taxes, they can't jail you for shit. They have literally 0 evidence to pin you to a crime even without a trading log.

Just take the max amount to Mexico and exchange it for Pesos.

>>2879167
But the bank will not accept you as a customer if you have 5/6/7 figure sums coming in from crypto currency selling

>>2879245
Why not? It's legal to buy and sell crypto and wire profits from Coinbase or whatever to your account.

>>2879245
Yeah Coinbase is pretty legit now I doubt you will run into any trouble. Never did anything personally cause I only lose money on crytpo and I know how kikes are so I'm not saying it isn't possible, but I think you should be O.K. if you are using a major service like Coinbase. They are federally insured and everything.

>>2877555
Casinos, cash businesses, and smurfing all still exist. Therefore, money laundering still exists.

>>2879259
>>2879285
http://lmgtfy.com/?q=bitcoin+froze+account

>>2879299
Also, there are btc gambling sites like Nitrogen.

>>2879245
Search on google about the kid that deposited 40 euros to his Barclays account.