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Does AML Even Work?

The Breakdown

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Does a M L Really Work?

The idea that cracking down on money laundering and tax avation should eliminate the incentive to commit the predicted crime is a fundamental pillar of thi system. Collin says he is unaware of a single economic study clearly showing a reduction of crime following new a m l rules. Money plays an even bigger role in how much scrutiny banks subject individual customers to, says colin. But fixing any of this presents a political double bind as wealthy financial backers might not particularly want a  m l system to be entirely effective.

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