Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

yes “structuring” is illegal. its not a “money laundering law”, perhaps a capital control. its unproductive to play into the idea that all movement of money is laundering and it isnt moving a discussion forward when the language is conflating everything.

I can see the categorization of "AML" - anti-money laundering law. I think then that the context hasn't been made clear, when we are discussing the actual criminal charge of money laundering, versus the criminal charge of structuring or avoiding a transaction reporting threshold.



Meh... it's the media. I wouldn't expect any precision in their reporting.

"Man guilty of violating laws in place to prevent money laundering" becomes "Man guilty of money laundering".




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: