Comment by smallstepforman
7 days ago
Extraordinary claims with no way to verify, typical for WSJ. Now the question is which group benefits from policies aimed to combat this? Follow the money to see who misleads you …
7 days ago
Extraordinary claims with no way to verify, typical for WSJ. Now the question is which group benefits from policies aimed to combat this? Follow the money to see who misleads you …
Who benefits from policies aimed to combat this? Western society.
Nobody in western society benefits from KYC laws, they make life hard for small business and destroy financial privacy while the big players get away with a slap on the wrist. There's absolutely zero empirical evidence of KYC leading to a reduction in the rate of any kind of crime.
> There's absolutely zero empirical evidence of KYC leading to a reduction in the rate of any kind of crime.
We are discussing an article about a crime that KYC trivially solves.