Anti money laundering laws are similar to attempts to ban encryption because "criminals might use it to plan crimes". Instead of focusing on catching criminals

Anti money laundering laws are similar to attempts to ban encryption because "criminals might use it to plan crimes". Instead of focusing on catching criminals doing illegal things using time honored criminal investigation techniques, the government has chosen to curtail everyone's right to privacy and free speech. An analogous situation would be if the US government published a list of IP addresses which were known to have sent encrypted traffic, and declared that anyone receiving packets from these addresses (regardless of whether they wanted to or not), might be prosecuted.