The Future of Anti Money Laundering

The entire system may be less of a tool for crime prevention than a means of bureaucratic ass covering with a rich dollop of authoritarian surveillance on top. Anti money laundering measures are why you probably had to provide personal identification or know your customer information when you signed up to use coin base or binances crypto exchanges. And that requirement illustrates one of the big trade offs of the current surveillance heavy a m l model, but on an even larger scale, no your customer data imposes security risks on law abiding citizens.