Comment by llm_nerd
10 hours ago
Among the generally misinformed public, which I was clearly referring to, yes, it absolutely has. Everything is money laundering.
Do you think I was literally saying the financial definition has changed?
10 hours ago
Among the generally misinformed public, which I was clearly referring to, yes, it absolutely has. Everything is money laundering.
Do you think I was literally saying the financial definition has changed?
I don't think he thought that, he was probably expressing the view that he doesn't think the representative person's understanding of the term is the same as yours.
I have to confess, I've never heard anyone talk about money laundering in the way you suggest.
The root of this thread literally uses it in the way I observed. So...never? It's literally right there! I see similar uses everywhere (speaking specifically of the general public, not financial industry professionals), calling every misallocation, misspend, or even simple fraud money laundering. Reddit, HN, Facebook, LinkedIn...everything is money laundering.
Again, I'm kind of an expert in AML, so I probably pay attention to it way more than you do, and probably have a much better perspective on this. I constantly see people refer to almost all misuse or misallocation of funds as money laundering.
Maybe you just don't know what money laundering actually is? Because the vast majority of the public certainly doesn't.
Personally (n = 1), this thread was the first time I've seen the term "money laundering" used hyperbolically like this.
6 replies →
Unfortunately the official definition of 'literally' now means both exact and exaggeration, so it is impossible to know what you are saying here /s