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Does AML Even Work?

The Breakdown

00:00

Introduction

This week was sin week on coin desk, where various journalists explored all sorts of different dimensions of crypto as it was used for things that some people find sinful or immoral. The k y c a m l bank secrecy act regime shapes so much of the discourse around not just finance, but around privacy and surveillance. Almost all regulatory conversatios have some aspect of asking, how can we innovate while still supporting this b s a k y c infa structure? A question that i don't think it's asked enough is, are these programmes actually successful at their stated goals? And i think that's a question worth asking, not in an antagonistic, i know the answer and it's no

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