Transaction identification is essential for sanctions and trade enforcement. While countries like Iran & Russia do a lot of legitimate oil/gas sales, their olig

Transaction identification is essential for sanctions and trade enforcement. While countries like Iran & Russia do a lot of legitimate oil/gas sales, their oligarch leaders evade sanctions that cut them off from enjoying Western luxuries they crave. Transaction records also ensure hiding domestic sanction violations is extraordinarily difficult (unless you're state-backed like Swiss or Chinese banks). You won't see these countries rely on financial crime because these transaction systems already largely prevent them, few organizations really think they can get away with it. For example, North Korea cannot use cash to transfer large amounts of money because that's not even allowed in the first place, it has to use things like wire transfers. They are already subject to a monitored financial system that blocks major undocumented cash transactions. Once the records are mandatory, international data search & coordination can be made more efficient independently.