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> Money laundering could be the "think about the children" My hyper-liberatrianism is showing, but I've always been slightly irritated with money "laundering"
by commandlinefan 2y ago
> Money laundering could be the "think about the children"
My hyper-liberatrianism is showing, but I've always been slightly irritated with money "laundering" being a crime in the first place. It's pretty far removed from the actual harm: money laundering is illegal because drugs are illegal and drugs are illegal because when people do drugs they do things that actually cause harm (to others and themselves). Like... I get the cause-and-effect chain there, but there's no evidence that these laws help anyway and they definitely hurt.
- FabHK 2y agoThe reasoning is very simple: You want criminals (no matter what crime) not to be able to enjoy the fruits of their "labour". That strikes me as eminently reasonable.
- olalonde 2y agoThe goal is no doubt reasonable. But AML regulations largely fail to achieve that goal and come at a high cost.