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I think, and I might paraphrasing someone said on this forum before, that it indicates the government is not a monolithic entity, but rather a collection of var
by A4ET8a8uTh0 4y ago
I think, and I might paraphrasing someone said on this forum before, that it indicates the government is not a monolithic entity, but rather a collection of various institutions each with its own mandates, goals and related agendas. Since I am, for better or worse, part AML industry, I get to see some of the contradictions and opposing demands.
Just the other week, I was listening to a guy complaining banks don't make SARs useful to to LEOs and not long before that regulator making a banks defend its non-submission of some SARs effectively forcing banks everywhere to adopt defensive SAR filing. It is truly weird to watch from a distance.