computermademedoit t1_iualrfn wrote on October 29, 2022 at 9:16 PM

Reply to comment by pearlescentVidrio in All you schmucks told me to get off Robinhood, now I have $15,000 frozen in a closed TD Ameritrade account by [deleted]

OP is dumb but theres no part of this story that allows you to know for sure the money was dirty when it was deposited. All we know it was a cashiers check.

He committed fraud on the paper work, thats known. But we don't KNOW that he laundered dirty money. You just suspect it.

Settle down sherlock holmes

pearlescentVidrio t1_iuannxp wrote on October 29, 2022 at 9:30 PM

That’s now how AML compliance works.

The burden of proof is reversed. He has to prove it was/is clean.

Until then, it’s dirty. This isn’t a “beyond a reasonable doubt” criminal proceeding.

computermademedoit t1_iuavtky wrote on October 29, 2022 at 10:33 PM

Even if I granted you this, which is sort of silly since this is a subreddit post and not an AML compliance review, it sounds like everything was fine. Sounds like they are releasing his money after hours on the phone with customer service.

I once deposited 100 dollars into a sports book because I saw odds online and I wanted to make a bet. When I got to the sportsbook the odds had changed. I withdrew my 100 dollars and they put it on a hold for similiar issue - to prevent money laundering. I told them what happened, sent my ID, then eventually released my funds.

Did I launder money there? No, clearly not, though the burden of proof to the casino may have fallen on me I did not in fact launder money.

And very likely OP didn't launder money either. He deposited money, found out he couldn't trade options, withdrew the money. This isn't money laundering and you have no evidence it is. You just suspect it is.