This will improve democracy and freedom, how? Values both US and EU supposedly stand for. Bad practices and horrible incentives happen throughout society. It's

This will improve democracy and freedom, how? Values both US and EU supposedly stand for. Bad practices and horrible incentives happen throughout society. It's not just money laundering that's the problem. It's much easier to get wealth and power in exchange for your regulatory actions from powerful actors if you have more control on the citizens. It's much easier to extract wealth and resources from people who have less power over you. The less economic freedom you give people, the less they have incentive to create new wealth. Stricter money controls will increase political corruption.