https://www.reuters.com/markets/billionaire-investor-mark-mobius-says-he-cannot-take-money-out-china-fox-2023-03-05/
"I can't get an explanation of why they're doing this ... They're putting all kinds of barriers. They don't say: No, you can't get your money out. But they say: give us all the records from 20 years of how you made this money ... This is crazy."
lol owned
"prove it isn't laundered money" seems like a perfectly reasonable request you ol' shitbag
A friend of mine told me about a guy in California who made almost a million dollars in what I'll call less-than-legal ways (weed), who sadly didn't know about AML stuff, and decided to put it into the bank. Obviously that landed him in court, where some asshole judge told him he could have it all back. Except he had to say how he made it. In that moment, of course, the guy knew he was never getting his money back. :sadness:
Seems to me that this asshole ought to be subject to the same rules. He should count himself lucky he's not looking at one of these :gui:
decided to put almost a million dollars in the bank
I hope you mean he woke up one day and deposited it all at once, that'd be the funniest version of this story.
Even if it wasn't all at once, you can only show up with duffle bags of cash so many times before people ask you to launder it properly.
yeah even a british bank will object to money laundering that obvious
Is that mostly the slots thing?
I'm actually talking less about that and simply on about the fact that any form of gambling is a simple and easy way to launder money with a reasonably assumable % win rate (especially on certain games) where the casino takes a cut for being the middle man of the laundering exchange. They do not care where the money comes from, and the money you get back from them is simply "won from gambling". Laundered perfectly fine.
what does AML stand for here. A____ Money Laundering? I know it's not Acute Myelogenous Lukemia
Amoral Machine Learning, it's when you train an AI to go to a casino and launder all your drug money
Couldn’t he just say something like “I’m a day laborer” or something
He'd need some way to prove that in court (minimally, an affidavit from the employer who paid him that much money, but preferably pay stubs). And since that isn't true, such a claim would be perjury.
It's unfair to ask someone with this much money where it came from
i don't know seems like a problem that could easily be solved by showing your records,
In a better world, a guy named Mark Mobius would be a game show host or some sort of wizard, instead of a whiny asshole who somehow has more money than god.
i liked the part where he said 'its time to mob' and didn't produce the necessary documentation
My favourite bit of this article was when Mark Mobius said “It’s Mobing time!” and then he Mobed all over them
Someone should give him the advice of going to China and explaining how he made his money in person.
:sicko-hyper::gui-better::sit-back-and-enjoy:
