[voakbasda]

This was the strategy used to prosecute Al Capone. IIRC, they couldn’t get enough evidence to directly charge him for his other (violent) crimes, so they built a successful case of tax evasion. With such leverage, they started to dismantle his organization, whereupon they found the evidence to press more charges.

[hobobaggins]

So why not just throw everyone's rights out and just start searching their homes for evidence of crimes, or at least something that can be prosecuted because it might be a crime?

We'll surely get a significant amount of people who are doing or own things they shouldn't. Maybe even as high as 1%!

[voakbasda]

I never said that I approve of these tactics. Quite the opposite.

I meant it as a warning: the KYC system will be used against you. If you commit a crime (or even rock the boat too much), expect these records to be combed over and leveraged against you. At the very least, authorities will likely obtain a search warrant and systematically attempt to destroy your life.

[yieldcrv]

Al Capone would have passed KYC everywhere as a US citizen

And Al Capone could have used a non-profit as they are tax exempt, where money laundering - the crime - is not possible because there are potentially no taxes to report

that's the system

[crtasm]

You're saying being tax exempt means you don't need to report income and outgoings..?

Money laundering is possible regardless of whether an organisation needs to pay tax.

[yieldcrv]

It is possible there is just nobody to investigate it