No Ticket - No Laundry

[professor rat]

" . . .  a clearly established network of parties who send and receive “the same transaction or a group of transactions” to each other, according to the document. In other words, a tightly knit cluster of digital accounts transacting among themselves. Another “strong indicator” is “NFTs being sold for large sums and reacquired from the same party or a third party for smaller amounts,” the document says. Yet another signal is when overpriced or underpriced NFTs trade in frequent transactions.

Low-value NFTs being bought and sold quickly could also be a symptom of illicit activity. The J5 document even calls out transactions of NBA Top Shot, the basketball video NFTs that gained popularity last year but have since lost most of their value. “On Top Shots with the NBA you see a lot of low value (i.e. sub 10K) NFTs being bought in the same day with owners only holding their position for minutes. This could be a way to wash funds.”

https://www.forbes.com/sites/jeffkauflin/2022/04/28/irs-and-foreign-tax-enforcers-warn-nfts-pose-growing-money-laundering-risks/?sh=727fdf7860d9

REPOSTS as is - not Endorsements