There are few problems with the anti-money laundering regimes, but these two are the main problems - They do not address the underlying crime: prevent the crim

There are few problems with the anti-money laundering regimes, but these two are the main problems - They do not address the underlying crime: prevent the crime in the first place, instead of moving funds - The focus is on compliance, not on the crime prevention: make sure banks checks all the boxes on the form, so that no one will get a jail card Furthermore AML tends to mix sanctions (we don’t like China) with organised crime (drugs). The political sanctions themselves are not always direct result of a crime. What could be done to improve the situation - Making all company shareholder data public (was in the EU, but then a crook who worked for Russian oligarchs got this overturned https://www.investigate-europe.eu/posts/luxembourg-businessman-offshore-transparency-shutdown https://www.investigate-europe.eu/posts/luxembourg-businessm... ) - Make real estate agents criminally responsible for selling real estate for criminals - Focus on the largest asset flows (Danske Bank, London real estate) instead of setting up paper compliance procedures for consumers - Transparent funding flows (public blockchain)