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Anti-money laundering laws don't pretend there is a victim, they attempt to discourage behavior by regulating an intermediary. They also fail at it while ensna
by ringaroundthetx 9y ago
Anti-money laundering laws don't pretend there is a victim, they attempt to discourage behavior by regulating an intermediary.
They also fail at it while ensnaring otherwise law abiding citizens in the dragnet.
So there is no logic to extrapolate to murders, where there is a victim from the activity of murdering.
AML via the Bank Secrecy Act, Patriot Act and other regulations was a swing and a miss, just looking at the evidence alone. Cash transactions over $10,000 were supposed to be reported, to stop terrorists, and the 1 BILLION of organized drug money that HSBC cleared is the equivalent of a dozen terrorists being financed per day, since 9/11.
Excepts its just people with a little extra cash that get jailed from these reporting laws.