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by leap_ahead
4053 days ago
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>> The DEA is looking out for our safety by implementing this well-intentioned protocol Criminals have a large body of very smart people working for them to develop new creative ways or hiding money flows across different legal entities and different jurisdictions. These people don't travel with cash. You won't even find out their names. These laws don't help with serious offenders just catch some small fish on occasion and also terrorize ordinary innocent people. |
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In the case of black markets, yes, there is a great deal of obfuscation, however on a civil level and in business with the tax code it essentially creates an "arms race of precedent" in the courts, wherein those with capital exploit loopholes in the legal system to establish new precedents that can circumvent any spirit of the law for decades to come. In most cases I see this as a positive thing, but when state and federal prosecutors use this against civilians, it can have some truly ridiculous outcomes.
Speaking to your comment about the black market specifically, though, I raised this concern when Obama signed that executive notice last month pertaining to individuals on the SDN list--as a hypothetical, if someone on that list were to have a criminal enterprise, and if that criminal enterprise was using a legitimate merchant processing account to obfuscate funds (as per your "ways of hiding money"), then ANYONE who had ever processed a credit-card transaction with that account would be liable to have their assets frozen indefinitely and with impunity by the US government.
Dangerous precedent indeed.