3 ms·
If it's only capturing 1% of the dirty money it's not effective at deterring nor is it an effective part of the prosecution.
by edoceo 5y ago
If it's only capturing 1% of the dirty money it's not effective at deterring nor is it an effective part of the prosecution.
- nulbyte 5y agoThat poses the potential problem of circular reasoning. How do we arrive at this estimate of 1%? Maybe it is more than 1% of the actual value because the estimate is wrong.
- deleted 5y ago[deleted]
- pgwhalen 5y agoConsider this scenario: current AML practices catch 1% of laundered money, but deter additional money laundering 100x. In effect, this means nearly all money laundering is stopped because of these practices. That seems extreme to me, but it does seem possible.