The Anti Money Laundering AML Boogeyman - Realities & Opportunities

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Today we are going to discuss the money laundering boogeyman. I found this article recently, and it sparked my interest.

https://www.ledgerinsights.com/anti-money-laundering-has-less-than-1-impact-on-crime-at-what-cost/
It says that anti-money laundering has less than a 1% impact on crime. It blew my mind!

I strongly believe that AML is going to kill banking. Who gets hurt the most from all these rules? The least fortunate people.
I generally have a huge problem with the culture of safetism. Protecting us from everything system makes it hard to get things done.

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