[OPSEC] Would putting a lot of moneypaks in a paypal account trigger money laundering flags?

I would like to deposit a few thousand a week into my paypal. Being a student I have little real income. I am wondering if paypal deposits are monitored in the same way as banks are? What about prepaid credit cards. If I were to buy a few thousand dollars of prepaid credit cards and use them to ship stuff to myself would that raise flags?

Thanks.


Comments


[3 Points] DuCruu:

Moneypaks suck now because they require you to identify yourself with ssn. So yes, somewhat monitored.


[2 Points] dopelessfopefiend:

paypal deposits are monitored in the same way as banks are

Moreso. Paypal basically has the best fraud detection and security in the financial industry.

What are you trying to do anyways? Buy BTC?


[1 Points] synikal12:

What's your main goal? To turn a few thousand dollars a week into BTC via paypal?


[1 Points] Oneand1:

I am wondering if paypal deposits are monitored in the same way as banks are

Yeah, PayPal is registered as a financial institution in all 50 states (and a bunch of countries outside the U.S.) with all the monitoring and reporting FinCEN laws that apply.

If I were to buy a few thousand dollars of prepaid credit cards and use them to ship stuff to myself would that raise flags?

Yes it will.

Try to run the operation through a family member or a gullible friend. You really don't want to associate your name with real goods.

EDIT: Further reflection: Would an anon PP account do it? Have a "friend" (bum) buy a pre-paid card. Open an account with that card as a funding source? It's been a while since I'd looked into it, so I don't know if PP requires a proper bank account for funding or if any CC would do.

Extrapolating from the amounts you've mentioned, do not ship anything to your own address. You can well afford the same "friend" to open a PO Box and give you the key.


[1 Points] brendo927:

Use a casino...


[1 Points] gramsadmin:

yes I have received a warning from using greendot to fund paypal. It was after around 40 times. It said it looked like I was receiving payments from others in the form of greendots which is prohibited and if I did it again my account would be deactivated.