I think the most damning evidence would be when the government sent the site operator a message that says "hey this money is illegal and we've obtained it illegally" and the lack of response from the site operator is really what allows them to go after the operator for anti-money laundering evasion. The lack of action or response, but let's be realistic what good legal response could you give. Anyways if you're not doing AML you are basically a terrorist says the government of America.
KYC on the other hand wasn't set in stone until recently whether it was $10,000 or $600 and the Bank Secrecy Act is a bit of joke at this point if they really want us to KYC/AML every person we transact with in excess of $600 AND report that. Report it to who?
We're all criminals it would seem, but that email where they told him all the money was illegal will basically be the nail in the coffin.
I saw that and initially I thought it was pretty damning too until I noticed there doesn't appear to be any evidence anyone actually read the message they sent prior to the "illegal" transaction taking place.
KYC on the other hand wasn't set in stone until recently whether it was $10,000 or $600 and the Bank Secrecy Act is a bit of joke at this point if they really want us to KYC/AML every person we transact with in excess of $600 AND report that. Report it to who?
We're all criminals it would seem, but that email where they told him all the money was illegal will basically be the nail in the coffin.