Geopolitics

Anti-money laundering policy has less than 0.1 percent impact on criminal finances, compliance costs exceed recovered criminal funds more than a hundred times over, and banks, taxpayers and ordinary citizens are penalized more than criminal enterprises.

Anti-money laundering policy has less than 0.1 percent impact on criminal finances, compliance costs exceed recovered criminal funds more than a hundred times over, and banks, taxpayers and ordinary citizens are penalized more than criminal enterprises.
https://www.tandfonline.com/doi/full/10.1080/25741292.2020.1725366

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Very interested in reading the full paper now but it’s not like this should be a massive surprise, just good to get some data for it. It’s not about the actual impact though, AML is much more about perception.

It is a very expensive optics exercise (putting it mildly) if that is the case

And that doesn’t even quantify the cost in terms of financial inclusion vis-à-vis “de-risking”

Explaining complicated things in simple words. Contributor to blockchain newsletter project: https://www.blockswithbenefits.com

It is a very expensive optics exercise (putting it mildly) if that is the case

And that doesn’t even quantify the cost in terms of financial inclusion vis-à-vis “de-risking”

https://www.ledgerinsights.com/anti-money-laundering-has-less-than-1-impact-on-crime-at-what-cost/