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. |
I replied to this message previously, but I realize I was mistaken. I was writing very fast and try to reply to things very fast, and in my hastiness, I realize I said that there was no crime in the scenario you provide. Indeed, there is a crime in the scenario you provide. It would be called credit/debit card fraud with the chargebacks.
That said, my other point about KYC and AML statutes not stopping any real crimes, but instead creating a new set of crimes (e.g. failure to collect, obtain and maintain records) I believe still stands. We can list any number of crimes, and no matter how many crimes we list in this thread (everything from rape to murder to fraud), I don't believe it does anything to demonstrate that the KYC and AML procedures are effective at all. After all, if they were, then crime should be going way down year after year.
The scenario you provide I don't believe would be a very effective way to carry out credit card fraud. I'm sure CCBill has ways - by delaying affiliate payments - to prevent what you describe. Regardless, eventually the person is going to suffer some consequences by attempting to do the same thing repeatedly (which they would have to do in order to make anything substantial, since you are talking about affiliate commissions which are very low as a percentage). By using their own affiliate links, they increase the chances of getting caught. When one affiliate has a chargeback rate of nearly 100%, I'm sure that would raise a red flag with CCBill.