I think the actual money laundering should be illegal. What bothers me is that, in chasing money laundering cases, it makes what is supposed simple things, very

I think the actual money laundering should be illegal. What bothers me is that, in chasing money laundering cases, it makes what is supposed simple things, very painful. I'm US lawful permanent resident, but European citizen too. Now, because of US regulations, pretty much ALL European banks do not want anything to do with me. If I ask to open a bank account, they'd rather not to. If I want to open an investment account in EU, they pretty much say "we do not want your business". If I transfer money from MY account in EU into MY account in US, I most likely have to JUSTIFY it. If I ask for a wire transfer, some foreign financial institution respond "oh, you are a US person, we don't want to deal with the reporting requirements". It's like the fight of terrorists: I think we all agree we should prevent the next 9/11. But when you have to pass through TSA, you cannot bring your laptop, you need to handover all your passwords, etc - even though terrorism is "illegal", you wonder if we are fighting it right.