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Comment by coygui | Hacker News Reader

I study at Vancouver UBC and rented a room in a house in the nearby area. I could tell that the Canadian government has started to investigate the corrupted $ because one day a government official came to "my house" and asked the information about the previous landowner. It seemed that he used the corrupted $ to buy the real estate and make more $

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I'll just say if you're using house sales in Vancouver or the Bay Area to launder your money you are really moving a lot of money around.

I bought a house for cash in Las Vegas after the crash and the bank never once asked where I got the funds to do so. I'm pretty sure they were supposed to.

> I bought a house for cash in Las Vegas after the crash and the bank never once asked where I got the funds to do so. I'm pretty sure they were supposed to.

Umm, no. It only. I, but that's frightening. You have a right to privacy in a private transaction like that. Where you will run in to a ton of questions is when you use a big chunk of money for a down payment on a mortgage. In that case the bank wants to make sure you didn't borrow the down payment and get in over your head.

The US has no general right to privacy, and all large transactions are potentially notifiable to the anti-money-laundering authorities. This is what HSBC got in a lot of trouble for not doing.

Any notification would go as far as that - simple notification of a transaction. There's no requirement for the bank to investigate the source of your funds as part of a private transaction.

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