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To: FreshPrince; Allegra; Bikkuri; Darksheare
If its not an even exchange, then it could be money laundering.

Nossir, "money laundering" is the act of concealing the source of funds. It is always a one-for-one even exchange, that consists of three phases: Placement, Layering, and Extraction.

A true laundering scheme would be Ukraine giving FTX cash and FTX not giving back the full value back to Ukraine in crypto.

Nossir, that would be fraud (depending how the fraudster represented the trade) or even outright theft.

If you don't even know what money laundering is, versus fraud/theft, then I suggest you stay heads-down in code. I wouldn't even trust you as a Business Liason or Scrum Master.

160 posted on 11/15/2022 11:34:39 AM PST by Lazamataz (The firearms I own today, are the firearms I will die with. How I die will be up to them.)
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To: Lazamataz

https://www.fatf-gafi.org/faq/moneylaundering/

“In some instances, the launderer might disguise the transfers as payments for goods or services, thus giving them a legitimate appearance.”

Like I said, money laundering example.


163 posted on 11/15/2022 11:51:58 AM PST by FreshPrince
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