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> We'd prefer if terrorists use cash Yes. It is a million times easier to catch criminals trying to physically launder large volumes of cash than it is to trac
by threeseed 2y ago
> We'd prefer if terrorists use cash
Yes. It is a million times easier to catch criminals trying to physically launder large volumes of cash than it is to track money flowing through multiple companies (on/off-shore, crypto, different owners, different jurisdictions etc).
Why do you think AML/KYC is such a priority ?
- akira2501 2y ago> It is a million times easier to catch criminals trying to physically launder large volumes of cash Which is odd because all the arrests and cases I see published all catch the money laundering activity because it reached the banking system, not because an alert officer spotted large volumes of physical cash. > Why do you think AML/KYC is such a priority ? I honestly don't know. I can't see any evidence which suggested it needed to be made a priority generally. It looks like most of this fraud involves real estate.