Well, OK, sure but the same basic rules are present in (for example) the UK, Hong Kong, Singapore ... the Bahamas ... I mean, I am sure you can find some crapta

Well, OK, sure but the same basic rules are present in (for example) the UK, Hong Kong, Singapore ... the Bahamas ... I mean, I am sure you can find some craptastically-regulated country somewhere which doesn't have client money rules but still.