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Serious question: what's the point of all these KYC/AML measures if they actually dont stop this stuff?
by arberx 4y ago
Serious question: what's the point of all these KYC/AML measures if they actually dont stop this stuff?
- throwaway0a5e 4y agoTo provide a paper trail that the state can use to nail your local off the books tire shop/daycare/alternative pharmacy/etc when they feel like it. Nets are for small fish.
- adra 4y agoYou can maintain the stability of your own markets and economy while allowing rogue/grey markets to exist outside your sphere. If you do nothing at all, it's your home's that get horded by dirty people. It also encourages your own people to be bent. If we can cheat and live on with no consequences, then only fools and true believers will follow the rules. UAE, like a lot of places a willing blind eye to corruption and bad people because they're insulated from the traumas that were born from that dirty money. From a personal morality standpoint, I'm all about closing off the doors to profit from corruption and misery as much as possible. What's your moral stand on the matter?