Useless anti-money laundering laws


Governments occasionally pass laws with good intent but which backfire because they were poorly thought out and created perverse incentives, making the situation far worse. The current effort to stop money laundering has turned into a disaster for the global poor, who can no longer get bank accounts or easily and legally transfer money (remittances) to…


Useless anti-money laundering laws
Useless anti-money laundering laws

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