51–60 of 82 posts
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Crimes require victims.
Identity theft and credit card fraud are victimless crimes?
Money Laundering is Financial Thoughtcrime: http://www.americanbanker.com/bankthink/money-laundering-is-... . . . By Former Chief Foreign Exchange Dealer; Director of Credit Card Interchange @ Visa & Founding Director of the Bitcoin Foundation . . .
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Need to be licensed as an MSB is based on where your customers are located, not your business.
US Law does not apply to Costa Rica-- it's outside their jurisdiction. That's one of the fundamental problems here. The US could pass a law that Sainsburies (a UK grocery store, with no US locations) has to employ a jazz band at every one of their stores for 3 hours every friday afternoon... but it doesn't matter, because the US does not have jurisdiction over the UK. Even if a US citizen goes and visits and stops by…
Earlier quoted context omitted.
Need to be licensed as an MSB is based on where your customers are located, not your business.
US Law does not apply to Costa Rica-- it's outside their jurisdiction. That's one of the fundamental problems here. The US could pass a law that Sainsburies (a UK grocery store, with no US locations) has to employ a jazz band at every one of their stores for 3 hours every friday afternoon... but it doesn't matter, because the US does not have jurisdiction over the UK. Even if a US citizen goes and visits and stops by…
HSBC Judge Approves $1.9B Drug-Money Laundering Accord [1]
"U.S. District Judge John Gleeson in Brooklyn, New York, signed off yesterday on a deferred-prosecution agreement"
HSBC money-laundering procedures 'have flaws too bad to be revealed' [2]
"HSBC’s procedures to prevent money laundering, sanction-breaking and criminal activity still have deficiencies so serious that to publicly disclose them would risk serious crime, the US Department of Justice has said."
[1] http://www.bloomberg.com/news/articles/2013-07-02/hsbc-judge...
[2] http://www.theguardian.com/business/2015/jun/05/hsbc-money-l...
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Would you, as a human, say people who have hurt no one should be punished?
Would you, as a human, say the legal system is some sort of Djinn that a certain combination of words will suddenly defeat? My goodness, that flag does look a bit gold fringed.
Liberty Reserve's main line of business was operating a shared ledger trusted by multiple companies which would exchange cash for ledger entries and ledger entries for cash, earning a fee each time. Think like Western Union except minus all the pesky regulated bits. LR was a direct reaction to what had befallen e-gold, which was in fundamentally the same business except it did all of the cashing first-party (early in…
One of the biggest Forex platforms is a Government-regulated FTSE 250 PLC with a known founder, Chairman, CEO and board of directors. One of the biggest Bitcoin exchanges is run by "Big Vern". Bitcoin in a nutshell.
It's like calling
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Would you, as a human, say the legal system is some sort of Djinn that a certain combination of words will suddenly defeat? My goodness, that flag does look a bit gold fringed.
I would say morality and the legal system are entirely separate things and I made no argument about the latter. I merely am invoking the golden rule. Is it fair to hurt someone who has hurt no one?
Earlier quoted context omitted.
US Law does not apply to Costa Rica-- it's outside their jurisdiction. That's one of the fundamental problems here. The US could pass a law that Sainsburies (a UK grocery store, with no US locations) has to employ a jazz band at every one of their stores for 3 hours every friday afternoon... but it doesn't matter, because the US does not have jurisdiction over the UK. Even if a US citizen goes and visits and stops by…
from what i understand, they were nailed for providing services to americans (citizens and corporations), and that falls under uncle sam's jurisdiction.