4 ms·

... which aims to prevent the abuse of its citizens

kybernetyk 5y ago
lol, good joke
logicchains 5y ago
> ... which aims to prevent the abuse of its citizens There's no evidence that anti-money laundering laws have reduced crime rates, just like how the war on drugs hasn't been effective at stopping drug abuse. There's plenty of evidence on the other hand that they make life harder for normal citizens; e.g. how hard it is for an American to open a bank account in Europe nowadays.
- vincnetas 5y ago
  not sure, but for me as EU citizen its very easy to open bank account in EU. And i get good protection of my funds mandated by government (bureaucracy).
  - lixtra 5y ago
    As EU-citizen who recently moved countries in Europe I cannot agree. It took me about 2 months to open a business account for an at this point registered business in the country. The private account was a bit faster, but not until I actually moved there. At the same time it was almost necessary to have an account in the country to prove enough funds to sustain myself to register with authorities. In time and mindshare it easily cost 1000+ EUR. In the end I don’t see how the provided documents help to avoid money laundering. I opened bank accounts in non-EU and non-European countries before and both times it boiled down to “bring these well defined documents” and it was done in a 30 minutes session to have a bank account next week latest (although both experiences are more than 10 years ago).
- midasuni 5y ago
  That is because of the US government taxing its citizens when they live abroad and putting requirements on the banks for reporting. Having american customers is often more work than it’s worth
  - logicchains 5y ago
    >and putting requirements on the banks for reporting. It does this for anti-money-laundering reasons.
jokethrowaway 5y ago
The only entities abusing me in Europe are my government - which steals from my profits every month - and criminals - who, in my personal experience, were always left unpunished by a useless police system which does nothing against scammers but persecute people smoking weed and a judicial system which is slow, expensive and mostly useless at regaining my stolen money, even when given plenty of proof and the location of the scammer (hell, they accomplished nothing even after they jailed and released the guy). If you want justice in Europe you need to hire a thug.

lol, good joke

> ... which aims to prevent the abuse of its citizens There's no evidence that anti-money laundering laws have reduced crime rates, just like how the war on drugs hasn't been effective at stopping drug abuse. There's plenty of evidence on the other hand that they make life harder for normal citizens; e.g. how hard it is for an American to open a bank account in Europe nowadays.

vincnetas 5y ago
not sure, but for me as EU citizen its very easy to open bank account in EU. And i get good protection of my funds mandated by government (bureaucracy).
- lixtra 5y ago
  As EU-citizen who recently moved countries in Europe I cannot agree. It took me about 2 months to open a business account for an at this point registered business in the country. The private account was a bit faster, but not until I actually moved there. At the same time it was almost necessary to have an account in the country to prove enough funds to sustain myself to register with authorities. In time and mindshare it easily cost 1000+ EUR. In the end I don’t see how the provided documents help to avoid money laundering. I opened bank accounts in non-EU and non-European countries before and both times it boiled down to “bring these well defined documents” and it was done in a 30 minutes session to have a bank account next week latest (although both experiences are more than 10 years ago).
midasuni 5y ago
That is because of the US government taxing its citizens when they live abroad and putting requirements on the banks for reporting. Having american customers is often more work than it’s worth
- logicchains 5y ago
  >and putting requirements on the banks for reporting. It does this for anti-money-laundering reasons.

jokethrowaway 5y ago

The only entities abusing me in Europe are my government - which steals from my profits every month - and criminals - who, in my personal experience, were always left unpunished by a useless police system which does nothing against scammers but persecute people smoking weed and a judicial system which is slow, expensive and mostly useless at regaining my stolen money, even when given plenty of proof and the location of the scammer (hell, they accomplished nothing even after they jailed and released the guy). If you want justice in Europe you need to hire a thug.