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. |
And why would he need to use affiliate links to do that? Furthermore, to have a merchant account with CCBill, one needs to be "verified". So if the person was doing something criminal, you are conceding that KYC and AML laws do nothing to stop crime.
But not only that, nothing you describe being done is illegal. I'm not a fan of taking perfectly legal activity that harms nobody and making it illegal in the name of stopping some other underlying crime. According to this very scenario you describe, there was some other illegal activity. ID checks by CCBill won't stop that. What's the other underlying criminal activity this person is involved in? Eventually, they will be discovered for that underlying criminal activity.
All KYC and AML laws do is criminalize non criminal acts. No amount of ID checking will make dishonest people honest. Furthermore, I would say that most criminals wouldn't go into the adult webmaster business to try to mask "dirty" money. The adult industry is too high risk and invites too much unwelcome attention.