Quote:
Originally Posted by SpicyM
Nah, that's tax fraud.
Money laundering would be something like this:
My buddy is a drug dealer but he wants to look like he runs a serious business with legal income. So he opens 10 bank accounts (friends, family members or fake IDs might help too) in different banks, receives 10 debit cards and loads each account with $500 every week. Nobody is going to ask about those $500 as that's too low sum of cash. He creates a ccbill affiliate account and opens a stupid ass blog with affiliate links on it.
He then "spends" all the money on various ccbill pay sites (ideally cam sites) using his own ccbill affiliate links and receives his affiliate cut. This way he earns perfectly clean money and if someone asks him what does he do for living - well he runs a successful blog. 
After getting paid his affiliate money, he could ask for a chargeback on all those cards. Then ask the banks to issue him new cards, create a new ccbill affiliate account under another name and repeat. But since ccbill now verifies identities, it would be hard for him to create another account again, hence the KYC. |
What you describe, if meant to launder money, would actually increase the chances of being "discovered", not to mention raise costs. As we can all see, CCBill is collecting personal information not just for merchants, but also for affiliates! By the time CCBill disburses funds to merchants and affiliates, CCBill's percentage has been taken out. So why would a person take "dirty" money and run it through yet an additional channel that increases the chances of getting caught as well as causing the person to lose money in the process.
That's not a way to "clean" so called "dirty" money. That's a way to lose money and increase the chances of getting caught. What a criminal would do would be to start a legitimate business (e.g. a paysite) to try to make it appear they are doing something honest. So they would use the "dirty" money to start the "clean" business. They wouldn't funnel money to themselves by running it through an additional channel, even losing a percentage in the process. They would be using the money to pay for web hosting, content, etc.