3 ms·
> KYC/AML have an effectiveness that rounds to zero That's factually inaccurate.
by loeg 1y ago
> KYC/AML have an effectiveness that rounds to zero
That's factually inaccurate.
- AnthonyMouse 1y ago> That's factually inaccurate. It isn't: https://www.tandfonline.com/doi/full/10.1080/25741292.2020.1725366#abstract https://www.tandfonline.com/doi/full/10.1080/25741292.2020.1... "It finds that the anti-money laundering policy intervention has less than 0.1 percent impact on criminal finances, compliance costs exceed recovered criminal funds more than a hundred times over, and banks, taxpayers and ordinary citizens are penalized more than criminal enterprises."