Quote from: Endemic on July 31, 2013, 07:07 pmMaybe we can bring this back to a point where we can all communicate without animosity.The salient point seems to be: How does one introduce the unconventional bitcoin world into the traditional laundering method, which is to claim illicit income along with/in place of legitimate income with adequate record keeping for taxation purposes?I have to admit, the question, at least phrased as it is, is begging for a gimme. If the answer was clear, why would anyone consult StExo? Why should he indulge us all with the answer (assuming he has it)?But at the same time, we're in a new era. A digital one. The same could have been said in the earliest days of money laundering itself. How does one turn dirty money clean? The answer was as simple as it was opaque: claim illicit income along with/in place of legitimate income with adequate record keeping for taxation purposes. It's the question of 'how' that is so vexing. Really, the answer that THAT question is a little imagination. It would seem to my admittedly uninformed opinion that money laundering is 20% technical and 80% creative, which is to say that the narrative needs to fit a certain situation very well to even pass the laugh test before the technical side even comes into play (while acknowledging that the technical side is most likely to bring additional attention in the first place).Please, call me out if what I'm saying is completely idiotic. I think this thread has a lot of potential.No you make very good points but to answer about why people consult me is usually for critique. Many people have the same idea of what to do and don't understand business principles, accounting and finances very well so they very much rely on information they've googled which we all know isn't too reliable and it is the confidence issue of the matter, some vendors even make their own ideas which perfectly hit the nail on the head, but they want somebody who does it all the time to try critique it or find something wrong in their plans if possible and outline the best attack vectors for LE.The balance is more 20% creative and 80% technical to be honest however, you do need to think inside the box really because everyone is thinking outside of it, or at least they think they are. To ensure everything functions well however, you've got to understand the principles behind ideas and find ways to reduce your tax bill as there is no point in laundering the money if you get nothing back from it due to losses on taxes, bank fees, business charges etc and so tax reduction or avoidance strategies which won't set alarm bells ringing is another advantage of using a professional, although you can usually get the same advice from an account but this comes with the obvious risk of them probing you for information of what your business is etc.So yes, some of my work is simply checking for vendors their methods, giving feedback on how to improve and make it more efficient, others just don't have a clue where to start and go from scratch with them and the final category of customer is the clever one who has taken lots of time to read proper papers on the matter from the FATF, come up with their own strategies, done short accountancy/business/bookkeeping courses etc and have a good idea that they don't need my help with and I just tell them good luck and I am here if they do ever need help or advice, although people that good aren't very common.I'd post more but my next post is my 1000th I believe and I have to write my 1000th post address :)!