[HN Gopher] New Anti Anti-Money Laundering Services for Crooks
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       New Anti Anti-Money Laundering Services for Crooks
        
       Author : parsecs
       Score  : 35 points
       Date   : 2021-08-13 17:31 UTC (5 hours ago)
        
 (HTM) web link (krebsonsecurity.com)
 (TXT) w3m dump (krebsonsecurity.com)
        
       | ncmncm wrote:
       | As I understand it, the international "gold standard" for money
       | laundering is still real estate. The reporting requirements the
       | US pushed onto international banking specifically except real
       | property transactions. Thus, property is the place embezzled
       | money is parked.
       | 
       | Vancouver, BC seems to be the favored place to park Chinese
       | money. Of course New York remains popular. American "midwest"
       | farmland is another big sink.
       | 
       | I would welcome any updates to this situation; my information
       | might be old.
        
       | qzw wrote:
       | Potential twist: it's operated by the FBI/Secret Service/IRS/NSA.
       | Would be a great way to compile a list of "addresses of
       | interest."
        
         | Scoundreller wrote:
         | So, how does it work? Can I submit any address for checking? If
         | so, I know some addresses I don't like.
         | 
         | Or do they require you to sign a message with your wallet? If
         | so, you've gotta be really dumb to show your hand like that.
         | But I could still see users trying for funzies.
         | 
         | How much does it cost to check? (If anything?)
        
           | pphysch wrote:
           | There is definitely noise and false positives as with any
           | honeypot, but there is probably enough signal among the noise
           | to correlate with other datasets and contribute to crime
           | detection models.
        
         | Wingman4l7 wrote:
         | Not far-fetched at all. The FBI has set up at least one carder
         | forum to catch entire networks of credit card thieves, and in
         | the past they set up a whole fake bank to entice money
         | laundering operations from drug cartels:
         | https://www.npr.org/sections/money/2019/02/13/694549634/epis...
        
           | CrazyStat wrote:
           | Also the recent ANOM sting [1].
           | 
           | [1] https://en.wikipedia.org/wiki/ANOM
        
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       (page generated 2021-08-13 23:00 UTC)