It is not, or, if it is, it's completely not serious. As I said in the other comment, the majority of global money laundering happens in banks, and investment

It is not, or, if it is, it's completely not serious. As I said in the other comment, the majority of global money laundering happens in banks, and investment funds completely legally. And it's also happening primarily in US because US financial markets are world's largest. Why to go after money laundry clients, when they should really go after the bank laundry owners? Western governments never needed KYC AML for that, because they already knew perfectly well who is laundering money and where. Chinese and Russian mafia members lived openly in the West in tens of thousands for decades, and its absolutely impossible that no Western counterintelligence agency ever checked them. The ill famed Andrei Guriev literally lived in Vauxhall. If US government was serious about Chinese/Russian infiltration of American financial system, Blackrock would've been sent to Guantanamo years ago. I find it absolutely implausible that the White House don't know it.