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Using the logic of this report, couldn’t we say that enforcing KYC/AML solves all economic crime? Drug trade, corruption, tax evasion: just have every country
by runeks 6y ago
Using the logic of this report, couldn’t we say that enforcing KYC/AML solves all economic crime?
Drug trade, corruption, tax evasion: just have every country in the world, without exception, strictly enforce KYC/AML and they’ll be gone!
- Normille 6y agoYes. And let's not forget all the politicians with their secret offshore bank accounts, trust funds, and companies registered in their pet hamster's names.... Oh. I forgot. KYC/AML rules only apply to the normal folks. KYC/AML has got to be the most disgusting privacy invading legislation of all time. It's so depressing that everyone has just accepted it with nary a murmur of protest. Imagine if billions of people had just refused to comply with this iniquity. The financial system would have had to abandon the idea, or face collapse.